... gas at the Dutch TTF hub are trading around €32–34/MWh (approximately $380–400 per thousand cubic meters), which is significantly lower than the peak prices during the 2022 crisis. Currently, supply and demand are close to balance: modest summer consumption allows for inventory accumulation without substantial price hikes. European importers continue actively sourcing liquefied natural gas (LNG) from external markets—LNG receiving terminals operate at high capacity, taking in tankers from the U.S., Qatar, Australia, Africa, and other regions. This compensates for the sharp decline in pipeline supplies from Russia. Since January 2025,...

... the trend towards reducing hydrocarbon generation continues: environmental restrictions and tax policies make new coal projects less attractive. However, as noted, some Asian nations are temporarily increasing coal use to avoid purchasing expensive gas. As a result, global coal consumption remains on a “plateau.” Analysts from the IEA expect a gradual decline in global coal demand starting in 2026, provided that the energy transition accelerates and China's economy shifts more towards gas and RES. For now, however, the coal ...

... basic European TTF index fluctuates around $400 per thousand cubic meters, roughly corresponding to the same period last year. The summer heat in Western Europe is increasing the load on power grids (massive air conditioning use), partially raising gas consumption at power plants. Simultaneously, sunny weather contributes to a high output of solar energy, which helps moderate demand for gas during peak generation hours. Stable liquefied natural gas (LNG) supplies and relatively weak industrial demand ...

... Thanks to LNG, Europeans have filled storage faster, although they are looking ahead with caution: a recovery in Asia's economy could intensify competition for LNG. Moderate Demand: The relatively mild summer and energy-saving measures are restraining gas consumption. Industry and electricity generation in the EU have adapted to the high prices of the previous winter, reducing their dependence on gas. As a result, even with reduced Russian supplies, the balance of supply and demand remains stable, avoiding ...

... previous years. In absolute terms, reserves exceed 75 billion cubic meters of gas. Several factors have enabled this rapid progress: A relatively mild past winter, resulting in lower than usual gas withdrawals during the cold season. A reduction in gas consumption in European industry and energy sectors due to conservation measures and a shift to alternative sources following high prices in recent years. High supplies of liquefied natural gas ( LNG )—approximately 12 billion cubic meters of LNG (primarily ...