European gas prices remain high as TTF benchmark reaches 68.19 EUR/MWh
The price of natural gas traded on the European market reached 68.19 EUR/MWh on 25 August 2026, remaining at a high level after the increases of recent days, according to Energocom company. The TTF benchmark rose from 61.42 EUR/MWh on 14 August to 68.32 EUR/MWh on 24 August.
The price trend continues to be influenced by geopolitical tensions in the Middle East and uncertainties regarding energy flows through the Strait of Hormuz. According to Energocom, the possibility of intensified sanctions against Iran and risks related to the region’s energy infrastructure are maintaining a high risk premium on the gas market.
Pressure on prices is also amplified by the level of European gas stocks. Storage facilities are filled to around 62%, compared with a seasonal average of about 79%. The current pace of injections is considered insufficient to quickly rebuild reserves ahead of the cold season.
Another factor is the competition between Europe and Asia for liquefied natural gas (LNG). Although LNG deliveries to Europe have increased in recent days, gas availability is influenced by strong demand in Asia, maintenance works in Norway, and higher energy consumption driven by elevated temperatures in Europe. Forward prices for the coming months also remain at high levels. For deliveries from September 2026 to February 2027, quotations range between approximately 66.7 and 68.3 EUR/MWh.
Energocom announces that it is monitoring on a daily basis developments on European markets and the factors that may influence natural gas procurement costs and will continue to publish updates on quotations from European exchanges.
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