European gas prices rise to 79 euros per MWh, highest since 2023

0 min read | Published on 09 Sept 2026, 02:38 PM |Updated on 09 Sept 2026, 04:37 PM

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Ritika DScanX News Team

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Key Highlights

European gas prices rose 4% to 79 euros per MWh
Current price is the highest level seen since 2023
Market is bracing for a prolonged LNG squeeze

*this image is generated using AI for illustrative purposes only.

European gas prices have risen to 79 euros per megawatt-hour, marking the highest level since 2023. This surge reflects growing market concerns over a prolonged liquefied natural gas (LNG) squeeze.

Price movement at a glance

The latest move represents a notable escalation in European energy costs. The table below captures the key data points from this development.

Metric	Details
Latest price	79 euros per megawatt-hour
Price change	+4%
Last seen at this level	2023

The 4% rise pushed prices to 79 euros per megawatt-hour. This level has not been seen since 2023, underscoring the scale of the move in the European gas market as traders brace for supply constraints.

How might this resurgence in gas prices impact European industrial competitiveness and manufacturing output in the coming quarters?

What specific geopolitical or logistical factors are currently driving the anticipated prolonged LNG squeeze?

Could this price spike accelerate the adoption of renewable energy sources and energy efficiency measures across the EU?

U.S. natural gas storage doubles to 30, matches estimate

0 min read | Published on 03 Sept 2026, 08:09 PM |Updated on 03 Sept 2026, 08:09 PM

Reviewed by

Ritika DScanX News Team

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Key Highlights

U.S. natural gas storage actual came in at 30 for the latest reporting period
The reading doubled from the previous figure of 15
The actual result matched the market estimate of 30 exactly, with no upside or downside surprise

*this image is generated using AI for illustrative purposes only.

U.S. natural gas storage reported an actual figure of 30, doubling the previous reading of 15 while matching the estimate of 30.

Storage data at a glance

The latest release shows a sharp increase in the storage figure compared to the prior period. The actual reading came in exactly in line with analyst expectations, suggesting the build was broadly anticipated by the market.

The following table summarises the key data points from the latest natural gas storage report:

Parameter	Value
Actual	30
Previous	15
Estimate	30

Reading the numbers

The actual storage figure of 30 represents a doubling from the previous reading of 15. The result matched the estimate of 30 precisely, indicating no surprise relative to market expectations. The gap between the actual and previous figures reflects a notable shift in storage levels between the two reporting periods.

How will this anticipated storage build impact natural gas futures prices in the coming weeks?

What does the doubling of storage levels suggest about current industrial demand and weather forecasts?

Are there signs that injection rates will slow down as storage approaches seasonal capacity limits?