# European Gas Prices Remain Near 2-Week Low

> European natural gas prices rose above €86/MWh but remained near a two-week low as traders weighed hopes for progress in US-Iran talks against continued tensions. European storage was 72.65% full on November 8, below the five-year seasonal average of 90%, while colder weather, low renewable generation and Norwegian pipeline outages increased withdrawals and tightened supply.

- Date: 2026-11-09 · published 2026-11-09T06:09:03.151Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/88771-european-gas-prices-remain-near-2-week-low
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Low inventories and competition with Asia for LNG cargoes could sustain upward pressure on European gas prices, although diplomatic progress could ease supply-risk premiums.

## Read by commodity

- NATGAS: bullish ▲

## 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 | 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 | 2022-07-29 | [European Natural Gas, Asian LNG Prices Soar on NS1 Supply Cuts](https://feedsoft.ai/events/40665-european-natural-gas-asian-lng-prices-soar-on-ns1-supply-cuts.md) | -2.1% | +11.7% |
| NATGAS | 2023-10-30 | [European Natural Gas Prices Gain as Egypt Says Pipeline Imports Stop – LNG Recap](https://feedsoft.ai/events/33804-european-natural-gas-prices-gain-as-egypt-says-pipeline-imports-stop-lng-recap.md) | +1.4% | -13.0% |
| 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% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/eu-natural-gas/news/599385

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