TTF Prices Fall by Over 5%

2026-01-05 08:38 By Agna Gabriel 1 min. read

European natural gas prices dropped more than 5% to €27.5/MWh, extending a decline of almost 45% in 2025 as abundant global supply continues to weigh on the market.

Europe is expected to have imported a record amount of liquefied natural gas this year, according to the International Energy Agency, reducing concerns over relatively low storage levels, which stand near 60.6% versus 70.8% at the same time last year.

Steady LNG flows from the US and other suppliers have given European buyers far greater flexibility than in recent years.

A mild start to the heating season and reliable pipeline deliveries from Norway have further eased pressure.

The market has fundamentally changed since the energy crisis sparked by Russia’s invasion of Ukraine, with LNG now accounting for about 45% of EU gas imports compared with roughly 20% before the war.

Looking ahead, new LNG export projects globally point to even looser supply conditions, raising the prospect of a prolonged glut.



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