Germany Natural Gas Futures Fall to 4-Week Low

2026-02-10 17:06 By Agna Gabriel 1 min. read

German natural gas futures fell to below €33 per megawatt-hour, the lowest in four weeks, as milder weather forecasts and stronger wind output reduced demand expectations.

Forecasts shifted toward warmer temperatures across northern and eastern Europe, easing the need for gas intensive heating and reversing the recent rally in northern European gas hubs.

Higher wind generation across Europe is also expected to lower gas use in power generation.

Milder winter projections in the United States have trimmed heating demand there and increased the availability of LNG cargoes for Europe, improving supply prospects.

US LNG exports reached a record 111 million tons in 2025 as capacity expanded and Europe replaced Russian pipeline gas.

Still, storage levels remain low and continue to limit downside, with EU inventories around 33% full and German storage particularly tight at about 27%, keeping supply risks in focus.



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