TTF Prices Fall Further to 18-Month Low

2025-11-25 16:40 By Agna Gabriel 1 min. read

European natural gas futures extended losses to below €29.5/MWh, the lowest since May 2024, as reports suggested Ukraine had agreed to terms of a revised peace plan aimed at ending the war with Russia, though details are still being finalized.

President Zelenskiy said talks with the US are ongoing, while Russia’s stance remains uncertain amid intense diplomatic activity in Geneva and Abu Dhabi.

A potential resolution could affect global energy flows just before new LNG capacity comes online next year.

Europe continues competing for gas as it phases out Russian supply, which now accounts for only about 10% of its imports.

Also, recent inflows of LNG and Norwegian pipeline gas, along with milder temperatures expected in early December, eased concerns about low inventories and strengthened Europe’s position for winter.



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