# Gas prices on both Balkan Gas Hub and TTF remain at record highs  | 3e-news

> European gas prices on the Balkan Gas Hub and TTF remain near record levels, after TTF reached 103.94 EUR/MWh on 30 October before easing to about 102 EUR/MWh. The easing reflected hopes for diplomacy around the Iran war, while LNG supply from the Persian Gulf stays significantly disrupted by Hormuz security threats. European gas storage was about 74.6% full on 1 November, with withdrawals underway.

- Date: 2026-11-02 · published 2026-11-02T12:08:00.557Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/75342-gas-prices-on-both-balkan-gas-hub-and-ttf-remain-at-record-highs-3e-news
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Record European gas prices raise nitrogen fertiliser production costs and feed the energy cost base for European livestock and feed processing. Prices could stay elevated if Hormuz disruption persists and storage tightens further into winter.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-03-22 | [Fertilizer prices are at record highs. Here's what that means](https://feedsoft.ai/events/5512-fertilizer-prices-are-at-record-highs-here-s-what-that-means.md) | +14.1% | +51.1% |
| NATGAS | 2024-10-29 | [TTF prices surge to their highest level \| European Gas Hub](https://feedsoft.ai/events/8118-ttf-prices-surge-to-their-highest-level-european-gas-hub.md) | -10.5% | +41.4% |
| NATGAS | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +7.5% | +4.0% |
| NATGAS | 2021-10-01 | [European gas prices hit all-time highs as Russian flows slump \| Reuters](https://feedsoft.ai/events/44762-european-gas-prices-hit-all-time-highs-as-russian-flows-slump-reuters.md) | -0.5% | +0.2% |
| NATGAS | 2022-03-01 | [Europe's gas supply concerns, high prices put New England forward market at risk \| S&P Global](https://feedsoft.ai/events/42450-europe-s-gas-supply-concerns-high-prices-put-new-england-forward-market-at-risk.md) | +10.2% | +24.4% |
| UREA | 2022-03-22 | [Fertilizer prices are at record highs. Here's what that means](https://feedsoft.ai/events/5512-fertilizer-prices-are-at-record-highs-here-s-what-that-means.md) | +0.4% | -0.7% |
| UREA | 2021-10-01 | [European gas prices hit all-time highs as Russian flows slump \| Reuters](https://feedsoft.ai/events/44762-european-gas-prices-hit-all-time-highs-as-russian-flows-slump-reuters.md) | +26.3% | +29.3% |
| UREA | 2026-06-23 | [Natural gas: Heat and outages support prices – Commerzbank](https://feedsoft.ai/events/18986-natural-gas-heat-and-outages-support-prices-commerzbank.md) | -2.1% | -1.4% |

## Sources

- 3e-news.net: https://www.3e-news.net/en/a/view/74003/gas-prices-on-both-balkan-gas-hub-and-ttf-remain-at-record-highs

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