European natural-gas prices jumped 19% to 63.64 euros a megawatt-hour, fueled by the ongoing war in the Middle East and a disruption to Qatar’s largest liquefied-natural-gas complex. The surge is expected to last for months due to supply chain issues. European gas storage levels are low, making it harder for Western Europe to replenish supplies ahead of winter. This comes as the global energy market continues to face significant challenges.
Source: https://www.wsj.com/articles/european-gas-prices-surge-as-middle-east-war-curtails-supply-market-talk-f6fe7e91