# European Gas Prices Hit Multi-Year High at €87

October 13, 2026 at 12:42 PM

> European gas prices surged to their highest level since 2022 amid Middle East tensions and low German storage levels on October 13, 2026.

European natural gas prices hit a multi-year high on Tuesday, October 13, 2026, as the [TTF](<https://austriareport.com/entity/title-transfer-facility-q2436985>) one-month futures contract rose 3 percent to 87.20 euros per megawatt hour in Amsterdam. This marks the highest price level recorded for the region since late 2022.

The market surge follows [Houthi](<https://austriareport.com/entity/houthis-q3042087>) rebel attacks on a Saudi Arabian airport and merchant ship strikes in the Strait of Hormuz. [Commerzbank](<https://austriareport.com/entity/commerzbank-q157617>) expert Norman Liebke notes [Qatar](<https://austriareport.com/entity/qatar-q846>), a major LNG exporter, is currently operating at only 20 to 30 percent of its capacity.

German gas storage levels sit at 60 percent, well below the 87 percent five-year average. In response, the government ordered [SEFE](<https://austriareport.com/entity/securing-energy-for-europe-q1496677>) to procure additional supplies. Prices have tripled since early 2024 and increased by over 20 percent since October 1 alone.


[#EnergyPrices](<https://austriareport.com/hashtag/energyprices>) #NaturalGas #EnergySecurity #TTF [#Germany](<https://austriareport.com/hashtag/germany>)

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