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EU warns gas prices could top €100 per MWh

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Story summary
  • European Energy Commissioner Dan Jørgensen urged EU governments to continue curbing energy demand.
  • EU gas storage sits at about 70% capacity, 12 points lower than last year.
  • Dutch TTF gas price rose to €72 per MWh, €40 higher since Feb. 28.
  • Analysts warn prices could exceed €100 per MWh if Gulf LNG stalls or Norwegian maintenance continues.