Dutch TTF gas futures rise to $49.04 per MWh amid higher power demand and tensions in the Middle East.
European benchmark natural gas prices increased by 1.75% to $49.04 per megawatt-hour in early Amsterdam trade on Monday. The rise follows a heatwave across Europe, boosting short-term power demand, and ongoing geopolitical tensions, including U.S.-Iran negotiations and threats over the Strait of Hormuz.
Last week, gas futures had slumped, but Monday’s gains reversed some of those losses. The Dutch TTF contract, Europe’s key gas benchmark, remains sensitive to supply disruptions and weather-driven demand shifts. No immediate market reaction was reported beyond the price move.