New drop occurred on Monday (18.8.2025) in European price of gaswhich is now at the lowest level of the last twelve months.
Specifically, the TTF reference contract was temporarily found yesterday slightly over 30 euros/MWh, with the prospect of breaking this psychological barrier down. Then the price of gas returned a little higher.
By comparison, the TTF has even traded at 42.5 euros in the last three months, with an average of close to 35 euros.
The main reason for the fall is the relatively comfortable supply of the EU. with natural gas. The warehouses of Old Epirus are currently full of more than 73%, which means that no problem is expected to replenish them in the interim until the new winter season begins in late October.
At the same time, the EU It does not compete strongly this year with Asia for liquefied natural gas (LNG), since demand in countries such as China is reduced.
Great developments are observed on the supply side, as the US is constantly increasing LNG production, with the help of new liquefaction stations that are operational. It is indicative that the US Energy Information Service (EIA) estimates that in 2025 US exports of the US will increase by 19% and in 2026 by 15%.
This is a very important development that brings lower prices in Europe, even in the midst of the Russian Gas Definition Effort, which was decided earlier this year with a horizon in 2027.
Naturally, the geopolitical factor also plays a role in developments, which at least currently offers relative tranquility in markets. The respite in the Iran-Israel conflict and the negotiations on the war in Ukraine significantly limited the opportunities for speculative games at the price of gas.