U.S. natural gas production set to hit a record high, Europe facing an energy crisis of 100 euros
2026-10-28 23:01:08
CoinMeta data: US natural gas production is expected to reach 11.22 billion cubic feet per day in 2026, setting a new record. Meanwhile, natural gas prices in Europe are approaching 100 euros per megawatt-hour, and winter storage levels are below historical averages, leading to an energy crisis. The US Energy Information Administration predicts that US natural gas production will rise from 10.76 billion cubic feet per day in 2025 to 11.22 billion cubic feet per day, and reach 11.61 billion cubic feet per day by 2027. The European benchmark natural gas price reached approximately 98.99 euros per megawatt-hour on October 28, up 42.5% from the previous month and over 200% year-on-year.
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Source:Coinpaper
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