# Europe's winter gas drama could leave deep scars | Reuters

> Benchmark European gas prices climbed to €75/MWh, more than double a year earlier and the highest since late 2022. The rally follows the closure of the Strait of Hormuz, which has choked off roughly a fifth of global LNG supply. Europe and Asia are competing fiercely for cargoes after a hot Asian summer.

- Date: 2026-09-08 · published 2026-09-08T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/17647-europe-s-winter-gas-drama-could-leave-deep-scars-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Sustained high gas prices raise energy costs for European feed and grain processing and tighten the LNG market globally. Elevated input costs support higher prices across the energy-linked feed chain.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-12-14 | [Europe facing record low gas storage by winter's end](https://feedsoft.ai/events/43785-europe-facing-record-low-gas-storage-by-winter-s-end.md) | -1.2% | +7.3% |
| NATGAS | 2023-05-25 | [SHELL \| Global LNG prices could spike this winter on low European gas stocks](https://feedsoft.ai/events/36127-shell-global-lng-prices-could-spike-this-winter-on-low-european-gas-stocks.md) | -15.9% | +6.0% |
| NATGAS | 2026-10-01 | [Will European Gas Prices Keep Rising This Winter?](https://feedsoft.ai/events/17649-will-european-gas-prices-keep-rising-this-winter.md) | +5.2% | -7.8% |
| NATGAS | 2026-03-03 | [Europe's skimpy gas storage under scrutiny as Qatar halts LNG flows \| Reuters](https://feedsoft.ai/events/20367-europe-s-skimpy-gas-storage-under-scrutiny-as-qatar-halts-lng-flows-reuters.md) | +7.0% | -3.1% |
| NATGAS | 2026-08-27 | [Europe’s gas stores are running low — and prices could top 100 euros](https://feedsoft.ai/events/18060-europe-s-gas-stores-are-running-low-and-prices-could-top-100-euros.md) | +3.2% | +11.3% |

## Sources

- reuters.com: https://www.reuters.com/commentary/reuters-open-interest/europes-winter-gas-drama-could-leave-deep-scars-2026-09-08/

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