Gas Prices in the EU Reach a 3-Year High

▪️73.95 euros per MWh — the current exchange price for gas in Europe. This is 70% higher than at the beginning of July and the highest level since January 2023, according to Bloomberg

▪️Prices are rising amid renewed exchanges of strikes between the U.S. and Iran following a month-long temporary truce

▪️Europe has one month left to replenish its gas reserves before the start of the heating season. The region’s storage facilities are only 65% full, which is the lowest seasonal level on record since monitoring began in 2009

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