# [24H] European Gas Prices Likely to Stay Above €70/MWh Amid Ukraine-Russia Infrastructure Strikes

*Issued Friday, August 28, 2026 at 10:43 AM UTC — Hamer Intelligence Services Desk*

**Issued**: 2026-08-28T10:43:24.949Z (5h ago)
**Expires**: 2026-08-29T10:43:24.949Z (19h from now)
**Category**: ECONOMIC | **Confidence**: 75% | **Impact**: HIGH
**Risk Direction**: volatile
**Affected Regions**: Eurozone, UK, Central and Eastern Europe
**Affected Assets**: TTF natural gas futures, NBP gas contracts, European power utility equities, Carbon (EU ETS) prices
**Permalink**: https://hamerintel.com/data/forecasts/22567.md
**Source**: https://hamerintel.com/forecasts

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## Prediction

Over the next 24 hours, TTF and other European benchmark gas prices are likely to hold above €70/MWh, with intraday spikes on any new reports of infrastructure damage in Russia or Ukraine. The combination of Ukrainian strikes on Russian refineries and Russian attacks on Ukrainian logistics heightens perceived risk to regional energy flows and storage planning. This will pressure power utilities, energy-intensive industry, and European policymakers balancing storage refill with affordability concerns. Confirmation would be sustained elevated futures prices and widening volatility; a sharp de-escalation in cross-border strikes or surprise LNG supply news could break this pattern.

## Drivers

- Warning of European gas prices spiking above €70/MWh
- Ongoing Russian-Ukraine attacks on energy-adjacent infrastructure
- Embedded trend: U.S.–Iran confrontation fuels energy system fragility