# EU gas prices surge 140% as storage hits a 14-year low ahead of winter

> EU gas storage stood at 74% of capacity on October 20, the lowest level for that date since 2011, as the region approached winter. The article links a 140% rise in gas prices since the Iran war began to supply disruption around the Strait of Hormuz and describes proposed measures including voluntary demand reductions and a lower storage target.

- Date: 2026-11-08 · published 2026-11-08T12:08:21.540Z
- Category: geopolitics · region European Union · magnitude high
- Page: https://feedsoft.ai/events/87401-eu-gas-prices-surge-140-as-storage-hits-a-14-year-low-ahead-of-winter
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Low inventories leave Europe more exposed to supply disruptions and could intensify competition for LNG during winter, supporting higher gas prices. Demand reduction or a lower storage target could temper procurement pressure but does not remove the supply risk.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-12-14 | [Europe facing record low gas storage by winter's end](https://feedsoft.ai/events/43785-europe-facing-record-low-gas-storage-by-winter-s-end.md) | -1.2% | +7.3% |
| NATGAS | 2022-08-26 | [GLOBAL LNG-Asia LNG price hits record high ahead of Nord Stream outage](https://feedsoft.ai/events/40213-global-lng-asia-lng-price-hits-record-high-ahead-of-nord-stream-outage.md) | -1.1% | -27.9% |
| NATGAS | 2023-05-25 | [SHELL \| Global LNG prices could spike this winter on low European gas stocks](https://feedsoft.ai/events/36127-shell-global-lng-prices-could-spike-this-winter-on-low-european-gas-stocks.md) | -15.9% | +6.0% |
| 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 | 2026-08-27 | [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

- yahoo.com: https://www.yahoo.com/news/world/articles/eu-gas-prices-surge-140-084000416.html

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