European natural gas prices hit three-year high above 80 EUR/MWh

According to Gate market data, European natural gas prices have surpassed 80 EUR per megawatt-hour, marking the highest level in over three years. Benchmark futures rose by as much as 6.8% to reach 80.98 EUR, the highest point since January 2023. Rising winter demand is expected to maintain price pressure, potentially leading to broader economic challenges.