European Gas Prices Double Year-On-Year to €68/MWh as Storage Hits Record Lows

EU natural gas (TTF) settled at 68.47 EUR/MWh on August 25, 2026 — up 103.65% year-on-year and 17.39% over the trailing month, per Trading Economics. European gas storage sat at record-low levels entering the heating season, Reuters reported August 5. ABN AMRO's November 2025 forecast of €34/MWh for 2026 now sits at roughly half the spot price.