# European Natural Gas Hovers Near Peak Levels — TradingView News

> European natural gas prices eased to €98/MWh after touching €100 the previous session, the highest since December 2022. Rising heating demand and low European gas reserves drive the rally alongside escalation concerns.

- Date: 2026-10-29 · published 2026-10-29T06:06:01.562Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/269-european-natural-gas-hovers-near-peak-levels-tradingview-news
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

High gas prices raise nitrogen fertilizer production costs in Europe, supporting urea and ammonia prices and feeding into grain costs.

## Read by commodity

- UREA: bullish ▲
- 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 | 2026-07-01 | [European Natural Gas Edges Higher as Traders Monitor Hormuz Risk](https://feedsoft.ai/events/18980-european-natural-gas-edges-higher-as-traders-monitor-hormuz-risk.md) | -4.1% | -19.8% |
| 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 | 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% |
| 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% |
| UREA | 2026-07-01 | [European Natural Gas Edges Higher as Traders Monitor Hormuz Risk](https://feedsoft.ai/events/18980-european-natural-gas-edges-higher-as-traders-monitor-hormuz-risk.md) | -6.6% | +3.4% |
| UREA | 2020-10-05 | [Natural Gas Price Benchmarks \| European Gas Hub](https://feedsoft.ai/events/50807-natural-gas-price-benchmarks-european-gas-hub.md) | -0.5% | +2.5% |
| UREA | 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) | -1.3% | — |

## Sources

- tradingview.com: https://www.tradingview.com/news/te_news:596052:0-european-natural-gas-hovers-near-peak-levels/

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