European gas rose to its highest level since December 2022 as benchmark Dutch TTF futures gained 1.7% to €85.82/MWh. An ING analyst said: "The market is pricing in the possibility that LNG supplies from the Persian Gulf will be very limited for much of the Northern Hemisphere winter." EU gas storage stands at 73%, below the five‑year average of 89%. Low inventories plus mandatory replenishment obligations are supporting prices, intensifying competition between European and Asian buyers and raisi

European gas rose to its highest level since December 2022 as benchmark Dutch TTF futures gained 1.7% to €85.82/MWh. An ING analyst said: "The market is pricing in the possibility that LNG supplies from the Persian Gulf will be very limited for much of the Northern Hemisphere winter." EU gas storage stands at 73%, below the five‑year average of 89%. Low inventories plus mandatory replenishment obligations are supporting prices, intensifying competition between European and Asian buyers and raising the risk of a sharp winter price spike.