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Economy

European gas price tops $1,200 per 1,000 cubic metres for first time since 2022

The spot price of gas in Europe has exceeded $1,200 per 1,000 cubic metres for the first time since December 2022.

The Baku NEWS·30 October 2026 at 15:40 (Baku time)
European gas price tops $1,200 per 1,000 cubic metres for first time since 2022

The spot price of gas in Europe has exceeded $1,200 per 1,000 cubic metres for the first time since December 2022.

The price rise comes amid record-low gas reserves in storage ahead of the coming winter and the continuing conflict in the Middle East.

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