EU gas storage sites have turned to net withdrawals as colder weather, lower wind power output and reduced LNG inflows increase demand for stored gas. The early shift highlights the European market’s exposure to weather conditions and the potential for storage levels to fall quickly this winter. Winter is certainly coming and European storage sites […]
TTF gas prices just hit €100/MWh ($32.5/mmbtu) amid continued LNG supply disruption via Hormuz, colder temperatures and four unplanned outages in Norway (both at Kollsnes and Kårstø). And some countries have started withdrawing gas from storage. Winter is coming… Source: Greg Molnar (Linkedin)
Dutch gas storage levels remain well below historical averages as the Netherlands approaches winter 2026–27, but increased LNG imports are helping compensate for lower inventories. With TTF prices rising amid geopolitical uncertainty, the balance between storage injections, LNG availability and winter demand is becoming increasingly important. The Netherlands is heading into winter with less gas […]
A difficult balancing act: the global gas market is balancing out the Hormuz supply shock with growing macroeconomic pain, higher emissions and ultimately reduced supply security ahead of the 2026/27 winter season. The de facto closure of the Strait of Hormuz choked off almost 60 bcm of LNG supply from the global gas market since […]
Thirsty for gas: gas-fired power in the European Union surged by 10% yoy since April despite the Hormuz crisis and the sharp increase in gas prices. The steep decline in hydro power generation (-16%), together with subdued nuclear power output (-5%) and slower wind speeds (-1%) increased the call on gas- and coal-fired power plants […]
It’s a bear necessity: TTF prices fell by almost 20% since mid-September, when a heavy bull run drove up Asian and Europe gas prices close to $30/mmbtu, their highest levels since Dec22. What is driving the current bearish trend and is it really structural? (1) Peace talks: reemergence of negotiations on the Strait of Hormuz […]
Gas demand destruction is becoming a key factor in balancing the market as high prices push industrial users to reduce consumption. The danger zone: European and Asian gas prices surged by more than 50% since end of July, hovering now in the $25–30/mmbtu range — their highest level since December 2022. These price levels are […]
Winter gas markets are heading into the heating season with unprecedented uncertainty, as Hormuz remains largely closed while EU storage levels are at decade lows. What could go wrong? On the supply side, the single most important uncertainty remains the duration of the Hormuz closure. Assuming that the Strait is closed until the end of […]
The bulls are back: TTF prices are on the bull run once again, rising by nearly 5% today and by almost 50% since the start of August to €77/MWh (or over $26/mmbtu). There are several factors contributing to this latest episode of bull run: (1) Hormuz remains closed amid continued geopolitical tensions, chocking off almost […]