FX.co ★ TTF Prices Steady as LNG Imports Rise

European natural gas prices have stabilized around €35 per megawatt-hour as storage levels continue to increase. This is largely due to steady LNG imports, which are slightly above seasonal averages, despite some global supply disruptions. Currently, storage facilities are 37% full following the winter drawdown, and the focus is now on the replenishment rate ahead of the next heating season. To mitigate potential pressures, EU countries have agreed to implement more flexible storage regulations, allowing reserves to fall up to 10 percentage points below the 90% target for November if market conditions deteriorate. Meanwhile, there are ongoing concerns about the potential for a global trade conflict, with Beijing having threatened on Monday to retaliate against nations that heed Washington’s calls to isolate China.