TTF Prices Fall to 1-1/2-Year Low

2025-11-10 12:54 By Agna Gabriel 1 min. read

European natural gas futures fell to below €31 per megawatt-hour, close to their lowest since May 2024, as steady LNG arrivals and strong Norwegian pipeline flows have eased the seasonal shift, while mild, windy weather kept demand soft.

In North Asia, LNG prices also fell as warmer conditions in China curbed consumption, freeing additional cargoes for Europe.

European LNG imports climbed to 101.38 million tons in the first ten months of the year, up 16.75 million tons from a year earlier.

Meanwhile, wind generation remains strong and forecasts point to continued elevated output.

However, temperatures are expected to return to normal from Friday.

EU storage stands at 82.61 percent, below last year’s level but improving, with the deficit likely narrowing to around 10 percentage points this week.

At the same time, new Russian strikes on Ukrainian energy sites raise concerns that Ukraine may rely more heavily on European gas this winter.



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