TTF Reaches February High as Weather and Gas-for-Power Demand Tighten the Market
European gas prices remained highly weather-sensitive in early February, with TTF reaching a monthly high of €35.7/MWh on 6 February. Low storage, colder forecasts and stronger gas-for-power demand kept the market exposed before later geopolitical shocks.
EU Russian Gas Phase-Out Becomes Law as Storage Falls to 2022-Like Levels
The EU’s formal approval of a stepwise Russian gas phase-out marks a structural turning point for European gas markets. However, the decision came as storage fell to 44%, highlighting the tension between long-term security policy and short-term supply risk.