From surge to slump for natural gas: Navigating the new normal in Europe

Over the past 4-5 months, EU natural gas prices, indicated by the TTF benchmark, have plummeted by 50% from an October high of EUR 56/MWh to the current EUR 28/MWh for the front-month contract, defying expectations of seasonal price increases.

This downturn can be attributed to robust EU inventories at 59% capacity and persistently subdued natural gas demand, down.