European gas prices up 40% in a month, to €103/MWh

40% — that is how much natural gas prices have risen on the European market over the past month. On 30 October the TTF benchmark reached €103.58/MWh, up from €74–77/MWh at the start of the month, according to Trading Economics data.

TTF futures for December 2026 delivery closed on 30 October at €103.505/MWh and January 2027 contracts at €103.06/MWh, meaning the market expects high prices into early next year. European quotes are the benchmark for the contracts under which Moldova buys gas. In September the household tariff rose by more than 70%, to 24.14 lei per cubic metre.

What it means for you

• The cost of gas imports may rise, depending on contract structure and volumes bought earlier.
• Energy-intensive businesses — manufacturing, bakeries, HoReCa, greenhouses — should add a higher-cost scenario to their winter budget.
• Energy-efficiency measures and reviewing supply contracts early reduce the risk.

Source: Bani.md, 31.10.2026