---
title: "EUROPEAN GAS PRICES SURGE TO HIGHEST LEVEL SINCE 2022, EXTENDING FIVE-DAY RALLY"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298633651.md"
description: "European natural gas prices surged to their highest level since late 2022, extending a five-day rally driven by escalating Middle East tensions and fears of supply disruptions. Benchmark Dutch futures rose 3.3% to 81.86 euros per megawatt hour, while UK prices hit multi-year highs. European storage levels stand at 67%, the lowest since records began in 2009. Analysts warn that prolonged conflict will keep energy costs elevated, impacting global living expenses."
datetime: "2026-09-10T18:36:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298633651.md)
  - [en](https://longbridge.com/en/news/298633651.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298633651.md)
generator: "portal-rs"
---

# EUROPEAN GAS PRICES SURGE TO HIGHEST LEVEL SINCE 2022, EXTENDING FIVE-DAY RALLY

European natural gas prices rose to their highest level since late 2022 on Thursday as escalating Middle East tensions fueled concerns about prolonged supply disruptions and winter fuel inventories. According to Sina Finance, benchmark gas futures briefly climbed 4.8% and advanced for a fifth straight session, while Asian prices also hit a more than three-year high. Oil prices added to the upward momentum. U.S. President Donald Trump said the war may not end until after the U.S. midterm elections in November. Tom Marzec-Manser, head of European gas and LNG at Wood Mackenzie, said the chance of a short-term resolution to the Middle East conflict is becoming increasingly remote. He said that means oil and gas prices will remain elevated and that this will ultimately raise living costs in many parts of the world. European storage levels are about 67%, the lowest for the period since records began in 2009. As of 6:22 p.m. Amsterdam time, the Dutch front-month gas futures benchmark was up 3.3% at 81.86 euros per megawatt hour, while the UK equivalent rose 3.8% to 205.22 pence per therm and earlier touched its highest level since December 2022.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**