← Scenarios catalogue
Geopolitical··Severity 8

Europe Gas Prices Rise Above €80 for First Time Since 2023

European natural gas surged above €80 a megawatt-hour for the first time in more than three years, intensifying the threat to the region’s economy as the war in the Middle East drives up energy costs just as winter approaches.

Scenario chain

Probabilities below are model estimates based on the event chain, horizon, and indicators. They are not outcome guarantees, investment advice, or emergency instructions.

A

Эскалация

64%

Forecast derived from cascade analysis. Watch confirmation indicators below.

Primary source: Bloomberg Markets

Ваши вероятности A/B/C

C 33%

Checking access status…