Dutch TTF Gas Jumps 2% as Winter Storage Race Heats Up
Dutch TTF Gas Jumps 2% as Winter Storage Race Heats Up What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… Europe’s benchmark natural gas prices jumped on Tuesday morning in Amsterdam as the Middle East crisis remains a major supply shock amid the European race against time to stock up for the winter.
The front-month price at theDutch Title Transfer Facility (TTF), the benchmark for Europe’s gas trading, rose by 2% as of 8.40 a.m.
Amsterdam time, to hit the highest level since the 2022-2023 crisis.
At $86.90 (74.820 euros) per megawatt-hour (MWh), the price now exceeds the January 2023 levels, when Europe faced the first winter without most of the Russian pipeline gas supply.
Europe’s gas prices last week booked theirfourth consecutive weekly gainas the re-escalation in the Middle East dampened hopes that LNG flows from the Strait of Hormuz could normalize soon.
European gas prices have rallied in recent weeks as gas storage sites across Europe are less than 70% full compared to 82% for this time of year in 2025 and a five-year average of above 80%.
Europe is heading into winter withone of the lowest levelsof gas in storage in the past two decades as the war in the Middle East crippled LNG supply from Qatar, sent gas and LNG prices in Europe and Asia skyrocketing, and intensified competition for readily available global LNG cargoes that don't need to cross geopolitically charged chokepoints.
“The potential for a global ‘fight for fuel’ is there, particularly in a colder winter,” Go Katayama, principal insight analyst for LNG at intelligence firm Kpler, toldBloomberglast week.
In a sign of intensifying competition, Asia's spot LNG price surged last week to thehighest level since 2022.
“European and Asian gas prices have surged as the market adjusts to a more prolonged disruption to LNG supply,” analysts at Timera Energy wrote in anoteearlier this week.
“Europe is pricing up to outcompete Asia for marginal LNG.” Oil Tankers Flood Back Into Suez Canal As Red Sea Risk Grows What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… Bessent Says Strait of Hormuz Obsolete Within Two Years Satellite Images Show Seven Tankers Loading Iraqi Crude at Once Qatar and Kuwait Restore 70% of Pre-War Oil Exports Through Hormuz Oracle’s $165 Billion Data Center Plan Hits a Gas Pipeline Delay World's Largest Electric Plane Flies for 27 Minutes on $5 of Power Russia’s Diesel Exports Crash to Multiyear-Low amid Tight Global Market Bullish Oil Bets Shrink for a Second Week Running, COT Data Show The Hormuz Crisis Has Forever Changed the Economics of Energy Security Hormuz Attacks Push Oil Toward $100 Despite US Crude Build The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax,.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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