# European gas prices fall by 10% — EXPRO Consulting

> European gas prices fell about 10% on 2 November as US-Iran diplomacy progressed, with the Dutch TTF December contract dropping to around 93.5 euros per MWh. Gas had earlier exceeded 100 euros per MWh for the first time since 2022.

- Date: 2026-11-02 · published 2026-11-02T21:09:34.305Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/75855-european-gas-prices-fall-by-10-expro-consulting
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Easing Hormuz risk lowers the energy-cost premium for European processors and fertiliser makers. Storage remains low, so a rebound is possible if talks stall.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-01-01 | [European Gas Prices Fall as Ukraine, Russia Deal Averts Crisis](https://feedsoft.ai/events/55767-european-gas-prices-fall-as-ukraine-russia-deal-averts-crisis.md) | -1.1% | -11.9% |
| NATGAS | 2026-10-29 | [European gas eases from 2022 peaks as profit-taking checks rally By Investing.com](https://feedsoft.ai/events/1449-european-gas-eases-from-2022-peaks-as-profit-taking-checks-rally-by-investing.md) | -1.8% | — |
| NATGAS | 2022-07-10 | [Explainer: Why Russia drives European and British gas prices](https://feedsoft.ai/events/40669-explainer-why-russia-drives-european-and-british-gas-prices.md) | +9.5% | +31.7% |
| 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

- expro.com.ua: https://expro.com.ua/en/tidings/european-gas-prices-fall-by-10

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