European gas demand has remained significantly below seasonal expectations due to unseasonably mild weather, helping to stabilize the market despite geopolitical tensions and reduced LNG imports. This decline has played a key role in offsetting supply disruptions, including concerns around the Strait of Hormuz, while still allowing steady storage injections across Europe.

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European electricity prices remain structurally linked to gas markets, with TTF price movements continuing to drive power price volatility across key markets such as Germany and Italy. Recent geopolitical tensions, including disruptions to LNG flows, have reinforced how gas still sets marginal electricity prices, embedding global risk directly into European power markets.

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European gas demand during the 2025-26 winter was less than 3 bcm higher than the previous year.

European apparent gas demand during the 25-26 winter was less than 3 Bcm higher than the previous year. Over the course of the just ended winter, storage withdrawals were actually lower than the previous year, despite an increase in exports to Ukraine on top of this margina...

TTF trading hours have been extended from 10 to 21 hours, marking a major shift for European gas markets with far-reaching implications for trading, risk management and global market participation.

European gas and power trading hours were just extended from 10 to 21 hours, a significant change with profound implications on operations, risk management and ultimately to...

European gas storage is entering the summer injection season under pressure, with weak seasonal spreads and below-average inventory levels complicating refill efforts.

In the summertime, when the weather is warm, you can inject gas into storage sites. EU gas storage sites have now switched to injection mode, with daily filling rates reaching nearly 250 mcm/d this week....