Natural gas prices at the TTF hub have fallen below 30 euros/MWh, due to high LNG imports, mild weather, and peace talks in Ukraine.

On Monday, natural gas prices at the TTF hub in Amsterdam fell below 30 euros/MWh, the lowest level in the past year, nearly half compared to February. This decrease is the result of high imports of liquefied natural gas (LNG), milder weather, and advanced discussions regarding a peace plan in Ukraine. Although gas storage was depleted at the beginning of the year, steady LNG arrivals and flows from Norway have eased market pressure.

Meteorologists forecast higher than normal temperatures, which will reduce heating demand. Additionally, progress in peace discussions in Ukraine could influence global energy supply. Although prices have decreased, they remain higher than before the energy crisis of 2022, but additional supplies are expected to contribute to a continued decline in prices in the coming years.