Natural Gas Price Today: Europe Gas Jumps Near 70 Euros as Qatar Outage Deepens Supply Fears
Europe’s flagship natural gas contract surged close to 30% in early trading Monday, briefly spiking just below 70 euros per megawatt hour before retreating. Traders moved to price in expectations of a longer outage in Qatar, alongside drawn-out shipping snarls in the Strait of Hormuz. By mid-morning, the Dutch TTF April contract—the region’s key wholesale benchmark—had slipped back toward 60 euros/MWh. Why does it matter? Europe faces its storage refill season with inventories running light, plus a legal mandate to get sites up to 90% by November. Right now, EU storage sits at roughly 30%—about 9 points under last year’s mark. Brussels, for its part, has flagged high prices as a drag on injections, though officials don’t see an immediate