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European natural gas prices soar: What it means for your winter bills

Gas prices have tripled in 2026 and EU storage is at a record low. Analysts explain what it means for winter bills and how long it could last.

  • European natural gas prices surged 234% to €96/MWh, highest in years
  • Middle East conflict halted Qatar's gas supply, EU banned Russian LNG
  • Low gas storage levels (17-20% by March) and delayed LNG recovery keep prices high

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