European natural-gas prices climbed to their highest level since December 2022, driven by mounting winter supply concerns. The surge reflects tightening inventories and reduced pipeline flows from key suppliers. Analysts warn that prolonged cold weather could further strain reserves, especially as demand rises for heating across the continent.
The benchmark Dutch TTF contract closed sharply higher, underscoring market anxiety over geopolitical disruptions and storage levels ahead of the winter peak. Energy-intensive industries face potential cost pressures, while governments monitor the situation closely for possible intervention measures.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing