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European gas price rises to €75 per megawatt hour

The European gas price has reached its highest level since early 2023 due to the escalation of the war in the Middle East.

2 September 2026Tagblick Newsdesk

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Archive photo: European gas price rises to €75 per megawatt hour — Archive photoPhoto: Chainwit. · Wikimedia Commons · CC BY 4.0

The European gas price has risen to €75 per megawatt hour, the highest level since the beginning of the war in the Middle East. This increase in price is partly due to recent escalations in the region, which have led to increased uncertainty in the energy market.

According to various sources, including Gazet van Antwerpen and Het Nieuwsblad, this is the highest gas price recorded since the start of 2023. Market analysts point to the influence of geopolitical tensions on energy prices, with both gas and oil experiencing price increases.

The price hike comes amid a broader rise in energy prices across Europe. Evidence of the impact of external conflicts on energy supply is becoming increasingly clear, according to reports.

The situation in the energy market remains uncertain, and developments are being closely monitored in live blogs from news outlets such as HLN.

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