TTF Prices Rise on LNG Supply Risks | Hellenic Shipping News Worldwide

hellenicshippingnews.com · Feb 20, 2026 · Collected from GDELT

Full Article

European natural gas futures rose 3% to €32.9 per megawatt-hour, extending a 6.9% gain from the previous session, as fears grow that escalating tensions between United States and Iran could disrupt LNG flows through key Middle East routes. Markets are focused on shipments via the Strait of Hormuz, a route for about 20% of global LNG, including exports from Qatar, the second largest exporter. A report from Axios said US military action against Iran could come sooner than expected, with Israel pushing for regime change, raising risks to regional supply. Tight EU inventories add support, with European Union storage near 32.5%, the lowest since 2022, and Germany below 23%. Still, warmer weather, steady flows despite outages in Norway and stronger renewables in Germany are easing pressure. Source: Trading Economics