Europe’s benchmark natural gas price topped the 100-euro mark for the first time since 2022 on Friday, at 101.82 euros (US$ 114) per MWh, according to OilPrice.

European Union (EU) storage sites were 74.89% full as of October 29, well below the five-year average of about 86% for this time of year, according to Gas Infrastructure Europe data cited by OilPrice.