Europe's winter gas bill comes due: prices at a four-year high, storage at a record low — and €7.9bn still paid for Russian gas
Europe's benchmark gas price this week reached its highest level since December 2022, before a one-day Norwegian supply scare unwound. Underground storage is at its lowest for the time of year since records began in 2011, the EU has paid €7.88bn for Russian Arctic LNG in nine months this year, and the EU ban on the remaining long-term-contract trade arrives on 1 January. The numbers, the region's voices, and what moves next.


