TTF Prices Hover Near 6-Week Lows

2026-04-16 07:07 By Judith Sib-at 1 min. read

European natural gas futures rose to €42 per MMBtu on Thursday but remained close to their lowest level in over six weeks as markets weighed prospects for an extension of the US-Iran ceasefire.

Reports suggest both countries have been in indirect talks aimed at extending the two-week ceasefire beyond its expiry on April 22 to allow more time for negotiations.

The White House also said discussions on a potential second round of talks are “ongoing” and “productive.” However, uncertainty remains as the Strait of Hormuz, through which roughly one-fifth of global LNG flows, remains choked, with the US blockading Iranian ships and Tehran restricting passage for most other traffic through the waterway.

Analysts also noted that Qatar’s Ras Laffan, the world’s largest LNG facility, will not be fully back online until August even if restart efforts begin in May.

Further weighing on prices were warmer weather and stronger renewable output, which are dampening demand.



News Stream
TTF Prices Hover Near 6-Week Lows
European natural gas futures rose to €42 per MMBtu on Thursday but remained close to their lowest level in over six weeks as markets weighed prospects for an extension of the US-Iran ceasefire. Reports suggest both countries have been in indirect talks aimed at extending the two-week ceasefire beyond its expiry on April 22 to allow more time for negotiations. The White House also said discussions on a potential second round of talks are “ongoing” and “productive.” However, uncertainty remains as the Strait of Hormuz, through which roughly one-fifth of global LNG flows, remains choked, with the US blockading Iranian ships and Tehran restricting passage for most other traffic through the waterway. Analysts also noted that Qatar’s Ras Laffan, the world’s largest LNG facility, will not be fully back online until August even if restart efforts begin in May. Further weighing on prices were warmer weather and stronger renewable output, which are dampening demand.
2026-04-16
TTF Prices Extend Decline
European natural gas futures fell to below €42 per MMBtu on Wednesday, extending the previous session’s losses to hit an over six-week low as optimism grew that the US and Iran may resume discussions aimed at ending the conflict. President Donald Trump said on Tuesday that talks with Iran could restart within the next two days, following the breakdown of weekend negotiations that had led Washington to impose a blockade on Iranian ports. Tehran is also reportedly weighing a temporary halt to shipments through the strait to avoid provoking the current blockade and undermine peace talks. Meanwhile, Asian LNG imports have declined to their lowest level in nearly six years, which may offer temporary relief to European buyers competing for cargoes at a time when Europe needs to refill its tanks before next winter. Warmer weather across the region is also expected to curb heating demand in the coming weeks.
2026-04-15
TTF Prices Fall on Hopes of Renewed US-Iran Talks
European natural gas futures dropped to below €44 per MMBtu on Tuesday, erasing some of the previous session’s gains as hopes for continued peace talks between the US and Iran allayed fears of further supply disruptions. President Donald Trump said Iran had reached out to Washington regarding a possible agreement, while Iranian president stated that Tehran remains ready to continue dialogue within the framework of international law. These signals came as the US military began a blockade of vessels heading for or leaving Iran’s ports on Monday, following failed talks over the weekend in Pakistan. Meanwhile, Asian LNG imports have declined to their lowest level in nearly six years, which may offer temporary relief to European buyers competing for cargoes. In addition, milder weather conditions across Europe are expected to suppress heating demand in the coming weeks, further weighing on prices.
2026-04-14