The nearest futures for January deliveries to TTF hub were trading up 2.5% at $1,500.9 as of 09:41 GMT.
Since 2021, energy prices in the EU countries have been surging alongside higher prices throughout the globe. However, the prices skyrocketed after Europe slapped several rounds of sanctions on Moscow citing Russia's military operation in Ukraine in February 2022.
As a result of the fuel crisis, many European governments had to resort to contingency measures, while people faced skyrocketing bills ahead of the looming winter.