28.08.202507:55:03UTC+00TTF Prices Fall for 3rd Session

European natural gas futures have decreased by over 3% to €31.8 per megawatt-hour, marking the third consecutive decline as storage levels continue to rise despite ongoing maintenance outages in Norway. Current inventory levels are at 76.4% of capacity, a decrease from last year's 91.8%, with Germany’s storage at 69.4%, Italy’s at 88%, and France’s at 85%. The softened demand in Asia, particularly from China, has resulted in more LNG cargoes being redirected to Europe, alleviating supply concerns as the winter approaches. This anticipated increase in LNG imports is expected to compensate for the reduced flow from Norway due to ongoing maintenance expected to last through late September. However, geopolitical risks remain, with Ukraine targeting Russian energy infrastructure. Additionally, former President Trump has issued a warning of stricter measures if peace negotiations do not make progress within the next two weeks.