TTF Prices Rise to 10-Week High

2026-01-14 16:09 By Agna Gabriel 1 min. read

European natural gas futures climbed to around €32 per megawatt-hour, the highest level since early November, driven by tighter LNG supply and rising geopolitical risk.

Tehran has warned neighboring countries that it could target US bases if Washington intervenes in protests, raising fears of broader disruptions to energy flows.

These risks are particularly significant for Europe, which has become heavily reliant on LNG after losing most Russian pipeline gas.

Last year, LNG imports overtook pipeline supplies for the first time, increasing exposure to global supply shocks.

Gas flows to key US LNG export facilities were also set to fall to a two-month low on Wednesday.

Meanwhile, weather forecasts point to renewed cold toward the end of January, potentially lifting demand.

Recent cold spells have already led to faster storage withdrawals, leaving EU gas inventories about 53.2% full, well below the 65.8% level seen a year earlier.



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