European Natural Gas Prices Surge Past €100, Highest Since 2022

France24 World · world

European natural gas prices have surpassed €100 per megawatt hour, reaching their highest point since 2022 as winter approaches. While the EU assures sufficient supplies, its storage facilities are currently at 72% capacity. The European Union has cautioned households to prepare for a challenging season ahead due to the escalating costs. The surge also impacts other regions, with the UK government working to mitigate high energy bills and a multi-year cruise cancelled in Cambodia due to elevated fuel expenses, stranding 200 passengers.