TTF Gas Prices Surge as Market Fundamentals Tighten Ahead of Winter
5 Articles
5 Articles
Empty storage and blocked delivery routes: Germany has too little natural gas again. On the market there is still hope for an opening of the road of Hormus. We show what consumers can do now.
TTF gas prices surge as market fundamentals tighten ahead of winter
TTF gas prices surged by more than 60% since the start of July. The current upward trend seems to be more fundamentals driven than the panic price surge witnessed in March, reflecting a profound change in market sentiment ahead of the heating season. TTF prices closed yesterday at their highest level since January 2023, standing at over $23/MMBtu, which is well above the coal-switching price range and could incentivise production optimisation ac…
IN 30 SECONDS What has happened? Europe’s gas wholesale price (TTF) exceeds 66 euros per megawatt hour, maximum of three years, and EU warehouses fall to 62.99 %. Who is behind it? The de facto closure of the Strait of Ormuz, the low levels of reserves and the ban on importing Russian gas since 18 March 2026. What impact does it have? Spain, France and Italy will shift the price to bills in a few months. Germany and Austria will take almost a ye…
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
