# TTF gas price tops critical €100/MWh, squeezing Europe's ammonia producers

> Europe's TTF benchmark rose above €100/MWh on October 28 for the first time since 2022, driven by disrupted Qatari LNG, Norwegian plant outages and low EU gas storage. Yara has cut ammonia output at Ferrara, and gas now accounts for most of ammonia production cost.

- Date: 2026-11-02 · published 2026-11-02T21:15:11.076Z
- Category: macro · region EU · magnitude medium
- Page: https://feedsoft.ai/events/76023-ttf-gas-price-tops-critical-100-mwh-squeezing-europe-s-ammonia-producers
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher European gas costs raise nitrogen production costs and push up fertilizer prices, while also feeding into broader energy-driven inflation for feed producers.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-08-26 | [US LNG export terminals stage production push as European gas prices top $100/MMBtu \| S&P Global](https://feedsoft.ai/events/40206-us-lng-export-terminals-stage-production-push-as-european-gas-prices-top-100.md) | -1.1% | -27.9% |
| 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 | 2024-11-25 | [LNG is stepping up to solve Europe gas woes, but at a price](https://feedsoft.ai/events/27593-lng-is-stepping-up-to-solve-europe-gas-woes-but-at-a-price.md) | +14.0% | +18.4% |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |
| NATGAS | 2025-10-06 | [European Union's US gas use set to soar, increasing price volatility \| Reuters](https://feedsoft.ai/events/22577-european-union-s-us-gas-use-set-to-soar-increasing-price-volatility-reuters.md) | -7.8% | +17.8% |
| UREA | 2022-08-26 | [US LNG export terminals stage production push as European gas prices top $100/MMBtu \| S&P Global](https://feedsoft.ai/events/40206-us-lng-export-terminals-stage-production-push-as-european-gas-prices-top-100.md) | +17.8% | +12.2% |
| UREA | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | +6.2% | +11.5% |
| 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% |

## Sources

- fertilizerdaily.com: https://www.fertilizerdaily.com/20261102-ttf-gas-price-100-europe-ammonia/

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