00:01European natural gas prices reached 100 euros and 37 cents per megawatt hour on Wednesday
00:09afternoon, up more than 4 percent that day and reaching their highest level since December 2022.
00:16Hours before, EU Energy Chief Dan Jorgensen said the bloc was facing a new energy crisis
00:22and a tough winter. Before the Iran war began in late February, prices were around 32 euros.
00:30Although they remain below the record high of 340, reached in August 2022. The commission also
00:37sees the worldwide diesel market staying tight well into 2027, keeping energy prices high.
00:45Meanwhile, European gas supply is currently tight. Disruption to liquefied natural gas
00:51shipments caused by the Iran war has cut off supplies from several sources, mainly Qatar.
00:56EU gas storage stood at 75 percent in October, according to the EU Agency for the Cooperation
01:03of Energy Regulators, well short of the bloc's usual target of 90 percent by November 1st.
01:10A CER estimated the war has increased Europe's bill for gas imports by between 18 billion euros
01:17and 33 billion euros. The bloc and Canada are exploring a long-term LNG deal. According to
01:23a draft statement for their summit in Montreal on Thursday and Friday, seen by Euronews.
