How much has TTF gas decreased since 2024?

TTF Gas decreased 5.23 EUR/MWh or 16.18% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on February of 2024.

Are natural gas market prices based on over-the-counter (OTC) financial instruments?

Prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our natural gas market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

Why did European natural gas prices fall 7% this week?

European natural gas futures fell 7% to €27.3 per megawatt-hour this week, approaching six-month lows of €26.5 reached in late January, primarily due to ample stock levels and above-normal temperatures. As of February 7, EU gas storage levels were at 67.9%, with Germany at 73.3%, Italy at 62%, and France at 55%.

What happened to Norwegian natural gas?

Also, Norwegian pipeline gas has resumed production after an outage at the Nyhamna plant, which experienced external supply issues. However, an extended outage at the Troll field occurred. Meanwhile, Russia increased its liquefied natural gas (LNG) exports to Europe by 18% YoY in January, reaching 1.77 million tons.