Current EU and UK gas stocks are 170 TWh below the 10 year seasonal average, with German reserves sitting at 61%. Supplies are further constrained by the cutoff of Qatari LNG amid Middle East escalation and a scheduled EU ban on Russian LNG imports that begins Jan 1.
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European Gas Prices Hit $107.40 MWh for Highest Level Since 2022
Commodities21 hours ago
Natural gas futures at the Dutch TTF hub rose 2.1% on Monday, marking a 7% increase over the past week and pushing the benchmark above €97 per megawatt-hour. The rally reflects growing anxiety over Europe's fragile supply balance as the region enters the heating season with EU storage only 74.62% full, below the five year average of about 86%.
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