TTF Prices Rebound as Winter Approaches

2025-11-17 10:38 By Agna Gabriel 1 min. read

European natural gas futures edged above €31 per megawatt-hour, recovering from a 1-1/2-year low of €30.5 on November 13, as a sudden cold front increased heating demand.

With winter approaching, supply pressures are rising, echoing last year’s volatility.

EU gas storage stands at 82.02% of capacity, down from 91.27% last year, indicating potential for heavier withdrawals over the coming fortnight to maintain system balance.

Norwegian pipeline flows are unchanged, and LNG imports remain steady but insufficient to fully offset the cold.

So far this year, European LNG imports have reached 101.38 million tons, up 16.75 million tons from 2024.

Meanwhile, Ukraine secured US LNG via Greece for Dec 2024-Mar 2025, hedging winter risks amid geopolitical tensions.



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