Why are Natural Gas - TTF Prices so high?
06-02-2026 - Over the past month, the price of Natural Gas (TTF) has risen from €28.072/MWH to €33.735/MWH, indicating a notable increase in the cost of this commodity. This trend may reflect shifts in the market or heightened demand. The forecast predicts a slight increase to €34.26/MWH, a 1.5% rise from the current price of €33.735/MWH, suggesting a relatively stable trend with minimal risk, as the price change is only €0.52/MWH.
The forecast attributes the upward price pressure mainly to Flows data, with significant influences from Seaborne Imports & Exports and Exchange Rates. However, factors such as Demand, Supply, and Technical data are exerting downward pressure, resulting in mixed signals for raw material prices.
In contrast, the U.S. Energy Information Administration (EIA) projects that the Henry Hub natural gas spot price will average just under $3.50 per million British thermal units (MMBtu) in 2026, a 2% decrease from 2025. This is expected to be followed by a 33% increase in 2027, reaching an annual average of nearly $4.60/MMBtu. This forecast suggests a slight decline in natural gas prices for 2026, which contrasts with the forecasted increase to €34.26/MWH for the upcoming month. This discrepancy highlights differing perspectives on the future direction of natural gas prices.
The forecast attributes the upward price pressure mainly to Flows data, with significant influences from Seaborne Imports & Exports and Exchange Rates. However, factors such as Demand, Supply, and Technical data are exerting downward pressure, resulting in mixed signals for raw material prices.
In contrast, the U.S. Energy Information Administration (EIA) projects that the Henry Hub natural gas spot price will average just under $3.50 per million British thermal units (MMBtu) in 2026, a 2% decrease from 2025. This is expected to be followed by a 33% increase in 2027, reaching an annual average of nearly $4.60/MMBtu. This forecast suggests a slight decline in natural gas prices for 2026, which contrasts with the forecasted increase to €34.26/MWH for the upcoming month. This discrepancy highlights differing perspectives on the future direction of natural gas prices.
What is the current / spot price of Natural Gas - TTF?
Natural Gas - TTF Price Today
February 6, 2026
Current Price
33.73
What is the forecast for the price of Natural Gas - TTF?
Natural Gas - TTF Price Forecast
February 9, 2026
1 Month Forecast
34.26
1 Year Forecast
66.49
What are the short-term drivers of Natural Gas - TTF prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - LNG exports from Malaysia - LNG imports to Japan Br(None) The top contrary drivers for the 1 Month horizon are: - LNG imports to Korea - LNG exports from Indonesia - Long term price trends
What are the long-term drivers of Natural Gas - TTF prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - Natural Gas EIA Stocks - The shape of the futures curve Br(None) The top contrary drivers for the 1 Year horizon are: - The net positions of speculators on ICE - LNG imports to China - Seasonality trends for the prediction week of year
Will the price of Natural Gas - TTF go up?
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