Natural Gas Reaches Its Highest Ever Price for September

Natural gas prices reached almost 360 RON/MWh at the beginning of September – the highest level for this time of year, with the exception of 2022, when the war in Ukraine had just broken out. For many families, particularly those on fixed incomes, this trend means bills that are increasingly difficult to manage.

Specifically, gas delivered on 3 September was traded at an average price of 359.98 RON/MWh. At the end of February, the price stood at 150 RON/MWh, meaning the increase exceeds 210 RON – in other words, the current price is nearly 2.5 times higher than it was just a few months ago. This information is cited from a Profit.ro analysis.

According to an assessment carried out by Transgaz, the national gas transmission operator, between 27 February and 7 September prices on the Romanian Commodities Exchange (BRM) rose by 125%.

Why prices are rising

This price increase is linked to several factors:

• The tense geopolitical situation in the Middle East and uncertainties surrounding energy transport through the Strait of Hormuz;
• Low gas storage levels across Europe: storage facilities are approximately 67% full, compared with the usual average of around 83% for this time of year;
• Developments in liquefied natural gas (LNG) deliveries – a vessel from Qatar recently passed through the Strait of Hormuz for the first time since July, with other vessels repositioning in the area.

For the period October 2026 – March 2027, quotes remain elevated, ranging between approximately 70 and 75.2 euros/MWh. The highest values are expected at the very start of the cold season, when gas consumption for heating increases significantly.