TTF Prices Surge 10%

2026-01-16 08:21 By Agna Gabriel 1 min. read

European natural gas futures surged 10% to above €37/MWh, the highest since June 23, as colder weather lifted heating demand and tightened the supply outlook.

Temperatures across much of Europe fell sharply and are expected to stay cold through the end of the month, increasing gas consumption and accelerating withdrawals from storage.

EU gas inventories are now about 51.9% full, well below a five-year seasonal average of about 67%, making the market more sensitive to further cold spells.

Supply concerns are also intensifying.

Asia is facing an incoming cold wave, raising the risk of stronger competition for LNG cargoes from buyers in China, Japan and South Korea.

Geopolitical tensions linked to unrest in Iran are adding to supply uncertainty, as any disruption could affect global LNG shipping routes.

European gas prices are more than 30% higher on the week, marking the strongest weekly gain since October 2023.



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