Europe’s Russian gas ban: progress and loopholes
November 4, 2025
Interesting moment for European gas prices in the first trading days of 2023 as the benchmark TTF front-month contract is testing a key fundamental support amid weak gas demand and comfortable LNG supply: the coal-to-gas switching channel.
Further downward moves should lead to an increase in gas-fired generation to the detriment of the least efficient coal plants.
