European Gas Prices Double Year-On-Year as Storage Hits Record Lows

EU benchmark gas (TTF) settled at €68.47/MWh on August 25, 2026 — up 104% year-on-year and 17% over the trailing month, per Trading Economics. Storage sat at record lows entering heating season, Reuters reported August 5. ABN AMRO's November forecast of €34/MWh for 2026 now sits at roughly half the spot price.