The 70% figure appears to refer specifically to European gas prices (TTF benchmark) rather than global prices
The price surge occurred during the first week of March 2026 escalation (March 2-6) according to some sources, with prices rising nearly 50% during that specific period and continuing to climb
Other sources indicate year-over-year increases of around 90% for February 2026
Storage levels are also running low according to the same sources, which provides additional context for the price volatility
The sources are journalistic (Euronews) rather than direct official energy statistics