Highest prices in four years. What awaits Europe this winter?

Gas contracts in Amsterdam have risen by 4.1% to €100 per MWh, significantly higher than pre-conflict levels. The ongoing conflict in the Middle East has increased Europe's fossil fuel import costs by over €100 billion, while gas reserves remain low for this time of year. Social unrest is emerging in parts of Europe due to rising living costs, prompting the EU to consider measures to reduce energy demand. Experts warn that geopolitical tensions could lead to further price increases. Europe's gas storage is at its lowest seasonal level since 2009, with only 74.6% capacity compared to the five-year average of 89.5%.