European natural gas prices hit a nearly four-year high

Published: Oct 23, 2026 16:38 (GMT+8)
On October 13 local time, the European natural gas benchmark price shot up sharply, reaching its highest level in nearly four years since December 2022. Combined with multiple factors such as inventory levels falling short of the same period in previous years and approaching cold weather, Europe's winter energy supply pressure has risen significantly, and the electricity market faces the dual challenges of rising costs and supply security.

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