TTF Prices Fall on Friday, Set for Best Month Since 2023

2026-01-30 10:25 By Agna Gabriel 1 min. read

European natural gas futures fell more than 3% to around €38.5/MWh on Friday, as improving supply conditions pressured prices, even as the contract remained sharply higher for the month.

US LNG flows recovered after storm disruptions earlier in the week, with milder conditions allowing export plants to increase output again.

That helped reduce immediate supply anxiety for Europe, which relies heavily on US LNG.

Even so, prices were still set for a roughly 37% gain in January, the strongest monthly rise since June 2023, driven by prolonged cold weather and fast storage withdrawals.

European gas inventories are about 43% full, near the lowest level for this time of year since 2022, highlighting a fragile supply balance.

January’s rally was driven by temporary US production outages during winter storms and broader concerns over global supplies.

Geopolitical tensions in the Middle East, particularly uncertainty around Iran, also kept risk premiums elevated.



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