Dutch TTF natural gas futures jumped 4.85% to settle above €100/MWh for the first time since 2022, as traders weigh disrupted Middle East LNG supply and colder weather ahead of the 2026/27 winter.
QatarEnergy has prolonged its force majeure on liquefied natural gas deliveries through December 2026, cutting term supply to Europe and Asia and pushing European gas prices to their highest level since the 2022 energy crisis.
Dutch TTF gas futures climbed close to 90 euros per megawatt-hour on Thursday, the highest since December 2022, as escalating conflict involving Saudi Arabia, the Houthis and Iran unsettled energy markets ahead of the European winter.