European natural gas prices have surged in November, with the TTF benchmark climbing 16% to €47/MWh, reflecting supply disruptions, geopolitical tensions, and colder weather. A cold snap has increased heating demand, while declining wind energy has pushed utilities to rely more on gas. Concerns over supply shortages due to the Russia-Ukraine conflict and Gazprom's halted supplies to Austria have added to the price volatility. Goldman Sachs predicts TTF could rise to €77/MWh under extreme scenarios, impacting economic recovery and increasing energy costs for households and industries. Teljes cikk (Euronews.com)