Why are Natural Gas - TTF Prices so high?
30-01-2026 - Over the past month, the price of natural gas (TTF) has seen a notable increase, climbing from €27.766/MWH to €40.113/MWH. This rise suggests increased demand or potential supply constraints in the raw material market. The forecast for Natural Gas (TTF) is €40.36/MWH, a slight increase of €0.25/MWH or 0.6% from the current price of €40.113/MWH, indicating a generally stable trend with minimal risk of price volatility.
Despite this, the forecast also predicts a price decrease of €1.1/MWH due to supply factors, particularly inventory levels. The outlook remains mixed, as flow data suggests upward pressure, while demand, supply, and technical indicators point to potential downward pressure on prices.
Recent analyses project an upward trend in the ICE Natural Gas market for the coming month. A significant winter storm is expected to bring sub-freezing temperatures to much of the Central and Eastern United States, leading to increased heating demand. This anticipated surge in demand has already impacted forward prices, with the Platts M2MS 2026 Henry Hub forward strip rising to $3.90/MMBtu as of January 21, marking a 21% increase from January 16. These developments support the forecasted price increase in the ICE Natural Gas market.
Despite this, the forecast also predicts a price decrease of €1.1/MWH due to supply factors, particularly inventory levels. The outlook remains mixed, as flow data suggests upward pressure, while demand, supply, and technical indicators point to potential downward pressure on prices.
Recent analyses project an upward trend in the ICE Natural Gas market for the coming month. A significant winter storm is expected to bring sub-freezing temperatures to much of the Central and Eastern United States, leading to increased heating demand. This anticipated surge in demand has already impacted forward prices, with the Platts M2MS 2026 Henry Hub forward strip rising to $3.90/MMBtu as of January 21, marking a 21% increase from January 16. These developments support the forecasted price increase in the ICE Natural Gas market.
What is the current / spot price of Natural Gas - TTF?
Natural Gas - TTF Price Today
January 30, 2026
Current Price
40.11
What is the forecast for the price of Natural Gas - TTF?
Natural Gas - TTF Price Forecast
January 30, 2026
1 Month Forecast
40.36
1 Year Forecast
69.28
What are the short-term drivers of Natural Gas - TTF prices?
Over the 1 Month horizon the outlook is moderately bullish due to drivers such as: - LNG exports from Malaysia - LNG imports to Japan - Movements in the Canadian Dollar Br(None) The top contrary drivers for the 1 Month horizon are: - Natural Gas EIA Stocks - Movements in the Australian Dollar
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 - Seasonality trends for the prediction month of year Br(None) The top contrary drivers for the 1 Year horizon are: - The net positions of speculators on ICE - EWMA-based technical analysis
Will the price of Natural Gas - TTF go up?
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