TTF Prices Fall on LNG, Renewables

2026-02-24 15:01 By Agna Gabriel 1 min. read

European natural gas futures fell below €31 per megawatt hour, pressured by robust LNG supply and rising renewable generation that reduced demand for gas fired power.

Wind and solar output in north-west Europe is expected to increase through the weekend, lowering consumption from utilities.

LNG send out remains strong at over 2,500 gigawatt hours per day, with a heavy cargo arrival schedule extending into March.

Although Norwegian exports were hit by outages, flows are seen recovering by early March, reinforcing supply.

Still, downside may be limited by geopolitical risks and low storage levels.

EU gas stocks stand below 31% versus 40.7% a year ago, with Germany at 20.7% and France at 21.1%.

Investors also monitor comments from Donald Trump on Iran, as tensions around the Strait of Hormuz could threaten LNG flows.



News Stream
TTF Prices Fall on LNG, Renewables
European natural gas futures fell below €31 per megawatt hour, pressured by robust LNG supply and rising renewable generation that reduced demand for gas fired power. Wind and solar output in north-west Europe is expected to increase through the weekend, lowering consumption from utilities. LNG send out remains strong at over 2,500 gigawatt hours per day, with a heavy cargo arrival schedule extending into March. Although Norwegian exports were hit by outages, flows are seen recovering by early March, reinforcing supply. Still, downside may be limited by geopolitical risks and low storage levels. EU gas stocks stand below 31% versus 40.7% a year ago, with Germany at 20.7% and France at 21.1%. Investors also monitor comments from Donald Trump on Iran, as tensions around the Strait of Hormuz could threaten LNG flows.
2026-02-24
TTF Prices Fall 5% as Trump Mulls Limited Iran Strike
European natural gas futures fell to below $32 as comments from Donald Trump about a possible limited strike on Iran eased fears of major disruption to LNG flows through the Strait of Hormuz. Markets had been concerned that escalating tensions could threaten shipments via the strait, a key route for roughly 20% of global LNG exports, including volumes from Qatar. Despite reports of military drills by Iran and a US buildup in the region, traders appeared to price in a lower risk of immediate supply interruption. Additional pressure came from milder weather forecasts, steady Norwegian flows despite outages and stronger renewable generation in Germany. However, inventories in the European Union remain low at around 32%, with German storage below 22%.
2026-02-20
TTF Prices Rise on LNG Supply Risks
European natural gas futures rose to €33 per megawatt-hour, extending a 6.9% gain from the previous session, as fears grow that escalating tensions between United States and Iran could disrupt LNG flows through key Middle East routes. Markets are focused on shipments via the Strait of Hormuz, a route for about 20% of global LNG, including exports from Qatar, the second largest exporter. A report from Axios said US military action against Iran could come sooner than expected, with Israel pushing for regime change, raising risks to regional supply. Tight EU inventories add support, with European Union storage near 32.5%, the lowest since 2022, and Germany below 23%. Still, warmer weather, steady flows despite outages in Norway and stronger renewables in Germany are easing pressure.
2026-02-19