FX.co ★ TTF Prices Fall Further to 7-Month Low

European natural gas futures have dropped below €35/MWh, marking their lowest point since September, driven by the impact of President Trump’s tariffs, which have intensified concerns of a global economic downturn and reduced energy demand. These trade measures have unsettled financial markets, resulting in declines across stocks and oil prices. In Europe, the anticipated decrease in global demand could lessen competition for LNG shipments just as the region starts to replenish its gas reserves after experiencing a harsher winter. Storage injections have recently surpassed the five-year average. Concurrently, the European Union is exploring the possibility of implementing more adaptable storage regulations. Reports indicate that member states largely favor allowing up to a 10% variance from the current target, which aims for gas reserves to be 90% full by November 1.