I observe that forecasts in the European gas market are becoming more interesting. Despite concerns about disruptions in LNG supplies from the Middle East, analysts from ANZ indicate that Europe and Asia are heading for a real battle over shipments. Temperatures are expected to drop in Northwestern Europe, which should boost demand, but at the same time, storage accumulation is slowing down.

This week's Natgas forecasts show a price decline of over 4%. The TTF in the Netherlands has already decreased by 1.6% to €41.74 per MWh. Interestingly, negotiations between the US and Iran and the ceasefire agreement between Israel and Lebanon have somewhat eased market sentiment.

The Natgas market appears to be more stable than a few weeks ago, but it’s important to monitor how the import situation develops. If Asia indeed increases its purchases, forecasts could change.