Energie: Europäischer Gaspreis steigt auf mehr als 100 Euro – kalter Winter könnte Preise weiter steigen lassen

The European gas price reached over 100 Euros per Megawatt-hour for the first time in about four years, according to a report by Handelsblatt. This increase is attributed to several factors, including the ongoing blockade of the Hormuz Strait, which is hindering the growth of liquefied natural gas (LNG) supply in the winter. Additionally, gas consumers in Asia, who are typically price-sensitive, have been purchasing higher-priced gas to avoid energy shortages.

This has led to increased demand for LNG from Europe, pushing up prices globally. Furthermore, colder-than-average temperature forecasts for early November and reduced wind speeds in the Arctic could lead to higher gas demand in Europe during the second half of November, potentially driving prices even higher.

Brief written by urgent.news from Handelsblatt's own syndicated text. Machine-written — may contain errors; check the original before relying on it.