# European natural gas prices hit two-year high amid storage concerns

> European benchmark gas futures rose as much as 5.4% to €58.75 per megawatt-hour, the highest since February 2023, after four consecutive weekly gains. Gas storage stands at 49% full, well below last year's 67%, as cold, low-wind weather lifts heating demand.

- Date: 2026-11-15 · published 2026-11-15T03:11:15.345Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/100568-european-natural-gas-prices-hit-two-year-high-amid-storage-concerns
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher European gas prices raise the cost of nitrogen fertilizer and energy-intensive feed processing, which can lift feed input costs and support grain and oilseed price floors.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-08-31 | [Natural gas prices \| European Gas Hub](https://feedsoft.ai/events/51817-natural-gas-prices-european-gas-hub.md) | -15.6% | -23.3% |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |
| NATGAS | 2026-10-28 | [European natural gas prices soar: What it means for your winter bills](https://feedsoft.ai/events/625-european-natural-gas-prices-soar-what-it-means-for-your-winter-bills.md) | +0.7% | — |
| NATGAS | 2021-07-23 | [Natural gas price nears three-year high as summer heat strains supply](https://feedsoft.ai/events/46254-natural-gas-price-nears-three-year-high-as-summer-heat-strains-supply.md) | +0.8% | -4.5% |
| NATGAS | 2020-06-30 | [TTF gas prices \| European Gas Hub](https://feedsoft.ai/events/52801-ttf-gas-prices-european-gas-hub.md) | +7.6% | +7.4% |

## Sources

- ilkha.com: https://ilkha.com/english/economy/european-natural-gas-prices-hit-two-year-high-amid-storage-concerns-441934

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.