# Gas price surges to a record high in Europe on supply concerns

> Dutch TTF gas contracts for November hit a record high near 118 euros per MWh, up almost 400% since the start of the year. Several UK energy suppliers have collapsed, and governments in several European countries have taken steps to limit consumer price impacts.

- Date: 2021-10-05 · published 2021-10-05T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Record European gas prices raise the cost of nitrogen fertilizer production, pushing urea and ammonia higher. Higher energy costs also affect European feed and livestock production economics.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +2.9% | +3.4% |
| NATGAS | 2021-10-01 | [Asian prices surge to record high this week as winter starts](https://feedsoft.ai/events/44765-asian-prices-surge-to-record-high-this-week-as-winter-starts.md) | -0.5% | +0.2% |
| NATGAS | 2021-09-30 | [U.S. natgas futures jump to 7-year high on Europe supply fears \| Reuters](https://feedsoft.ai/events/45219-u-s-natgas-futures-jump-to-7-year-high-on-europe-supply-fears-reuters.md) | +4.2% | +8.1% |
| NATGAS | 2021-10-22 | [Global Gas Prices are Soaring to Record Highs. Here's Why.](https://feedsoft.ai/events/11751-global-gas-prices-are-soaring-to-record-highs-here-s-why.md) | +14.0% | -2.0% |
| NATGAS | 2021-09-24 | [Europe's gas prices surge but who will cut consumption? Kemp](https://feedsoft.ai/events/7929-europe-s-gas-prices-surge-but-who-will-cut-consumption-kemp.md) | +15.4% | +1.4% |
| UREA | 2022-08-05 | [PWNI continues to advance as nitrogen values firm on escalating supply concerns in Europe](https://feedsoft.ai/events/40358-pwni-continues-to-advance-as-nitrogen-values-firm-on-escalating-supply-concerns.md) | -4.5% | +13.6% |
| UREA | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +28.4% | +33.3% |
| UREA | 2021-09-30 | [U.S. natgas futures jump to 7-year high on Europe supply fears \| Reuters](https://feedsoft.ai/events/45219-u-s-natgas-futures-jump-to-7-year-high-on-europe-supply-fears-reuters.md) | +31.3% | +34.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/10/05/gas-price-surges-to-a-record-high-in-europe-on-supply-concerns-.html

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