TTF Prices Rise

2026-03-30 06:35 By Judith Sib-at 1 min. read

European natural gas futures rose to €55.6 per MWh on Monday, a 73% surge so far in March and putting it on track for the strongest monthly gain since September 2021.

The rally has been driven by fears of deeper supply disruptions as the conflict in the Middle East widens.

Iran-backed Houthi militants in Yemen have joined the war, launching their first attack on Israel, while the US has deployed thousands of troops to the region, raising fears of further escalation that could disrupt more supplies.

The war has all but halted LNG shipments through the Strait of Hormuz and led to the shutdown of the world’s largest LNG plant in Qatar, leaving Europe scrambling to replace supplies from the Gulf.

Europe’s gas storage is critically low at around 28%, raising concerns that the bloc may struggle to refill inventories ahead of the next heating season.

Experts warned that energy shortages could emerge within weeks if LNG shipments do not resume.



News Stream
TTF Prices Rise
European natural gas futures rose to €55.6 per MWh on Monday, a 73% surge so far in March and putting it on track for the strongest monthly gain since September 2021. The rally has been driven by fears of deeper supply disruptions as the conflict in the Middle East widens. Iran-backed Houthi militants in Yemen have joined the war, launching their first attack on Israel, while the US has deployed thousands of troops to the region, raising fears of further escalation that could disrupt more supplies. The war has all but halted LNG shipments through the Strait of Hormuz and led to the shutdown of the world’s largest LNG plant in Qatar, leaving Europe scrambling to replace supplies from the Gulf. Europe’s gas storage is critically low at around 28%, raising concerns that the bloc may struggle to refill inventories ahead of the next heating season. Experts warned that energy shortages could emerge within weeks if LNG shipments do not resume.
2026-03-30
TTF Prices Ease on Friday
European natural gas futures fell to around €54 per MWh on Friday, as traders weigh up the latest developments in US-Iran talks. President Trump delayed his deadline for Iran to agree to a ceasefire deal by 10 days, noting that negotiations were going well, even as Iran rejected the US peace proposal and denied that any talks had taken place. The closure of the Strait of Hormuz has forced energy shipments to be rerouted, sharply reducing LNG availability, while the largest LNG plant in Qatar remains offline, with repairs estimated to take three to five years. Europe’s gas storage is critically low at around 28%, heightening vulnerability as competition with Asia for LNG intensifies. Experts warned that energy shortages could emerge within weeks if LNG shipments do not resume.
2026-03-27
TTF Prices Rebound Amid Mideast Uncertainty
European natural gas futures rose to €55.7 per MWh on Thursday after four consecutive days of declines, amid uncertainty over a potential ceasefire in the Middle East conflict. While the US insisted negotiations were ongoing to end the hostilities, Iran dismissed the US peace plan and outlined its own conditions instead. The conflict has kept the Strait of Hormuz closed, curtailing natural gas supplies from the region, while the largest LNG plant in Qatar remains shut, with repairs estimated to take three to five years. Europe now faces increased competition with Asia for LNG cargoes, as it seeks to refill its depleted gas storage ahead of the winter season. Currently, Europe’s total gas storages are about 28% full, the lowest level for this time of year since 2022. Major oil companies have warned that if the war drags on, Europe could face energy shortages as soon as April.
2026-03-26