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Natural gas: Prices surge on supply risks – ING

FXStreet29 October 2026, 13:28 UTCNorway

ING’s Warren Patterson notes European natural gas prices have rallied, with TTF breaking above EUR100/MWh for the first time since 2022 as supply concerns intensify ahead of the 2026/27 winter. He highlights disrupted Persian Gulf LNG flows, Norwegian outages, colder weather forecasts and emerging demand destruction in power and industrial sectors, including reduced gas use by European chemical producers.

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