EU Natural Gas Nears Multi-Year Highs as Winter Storage

Deficit Bites

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https://www.tftc.io/eu-natural-gas-multi-year-highs-winter-storage-deficit-2026

Share Dutch TTF futures are trading near €80-84/MWh heading into winter 2026/27, roughly 150% above year-ago prices, even as one Wall Street analyst calls for a pullback to €56. Key takeaways Dutch TTF natural gas futures are near €80-84/MWh, the highest since early 2023 and up approximately 149% year-over-year, per Trading Economics. EU gas storage reached 73.1% on October 7, above earlier expectations but still roughly 16-17 points below the 90% seasonal norm and 11% below year-ago levels, per GIE AGSI+ and the ENTSOG Winter Supply Outlook 2026/27. Citi analyst Maggie Xueting Lin maint

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