Europe's Natural Gas Prices Soar to Four-Year High as Winter Looms

Europe’s benchmark natural gas price jumped by 2% at opening in Amsterdam on Monday, extending the 7% weekly gain from last week, as concerns mount that the gas withdrawal season has started amid no signs that Qatar’s LNG flows would return anytime soon. The front-month price at the Dutch Title Transfer Facility (TTF), the benchmark for Europe’s gas trading, rose by 2.1% to as much as $107.40 (95.73 euros) per megawatt-hour (MWh) early on Monday, reaching its highest level since 2022. The European natural gas price is now at its…