European Gas Prices Rise Amid LNG Supply Concerns
European natural gas prices edged higher on Friday due to concerns over liquefied natural gas (LNG) supply security and Europe's ability to refill gas storage ahead of winter.
The benchmark August contract at the Dutch Title Transfer Facility (TTF), Europe's most liquid virtual gas trading hub, traded at €61.80 per megawatt-hour (MWh) at 9.49 a.m. local time (0649 GMT), up 0.2% from Thursday's close of €61.69 per MWh.
European Union gas storage sites were 54.61% full, according to data from Gas Infrastructure Europe (GIE).
Florence Schmit, senior energy strategist in Rabobank's Global Economics & Markets team, said uncertainty surrounding energy supplies from the Middle East continued to support TTF gas prices and expected prices to remain elevated through the second half of 2026.