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TTF Gas Hits $92.95 as Gulf Tensions Weigh on Energy Markets
oilprice.com · September 16, 2026 · Week 2026-38
Summary
European benchmark natural gas prices (TTF) are approaching 2022 highs, driven by fears of winter supply shortages. The price surge is fueled by low European gas storage levels combined with escalating geopolitical tensions in the Middle East, which have reportedly crippled LNG supply from Qatar and led Saudi Arabia to shut down a key oil pipeline.
Strategic Implication
This highlights Europe's continued vulnerability to MENA geopolitical instability for its energy security, intensifying global competition for LNG cargoes.