Crise du Gaz en Europe

[energy_isere]

European Natural Gas Plummets to 18-Month Low

By Michael Kern - Nov 21, 2025,

Forecasts of milder weather in the weeks ahead and the proposed U.S. peace plan for Ukraine pushed down on Friday European benchmark natural gas prices to their lowest level since May 2024.

Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, traded down by 2.5% at $35 (30.38 euros) per megawatt-hour (MWh) at 11 a.m. in Amsterdam. This was the lowest the benchmark price has been since May 2024, as the latest weather models predict milder temperatures in the weeks ahead after the current cold snap in northwest Europe.

European gas futures have traded for months at about $36.90 (32 euros) per MWh. Now geopolitics and weather have pushed prices lower.

Gas traders are eyeing the talks on the U.S. peace plan for Ukraine, which could lead to easing of some of the sanctions on Russian energy exports. That’s of course if the plan goes through, which is far from certain.
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