FX.co ★ TTF Prices Fall to 4-Week Low

European natural gas futures have decreased to €40 per megawatt-hour, marking the lowest point in approximately four weeks. This decline is attributed to warmer weather leading to reduced demand and heightened concerns following the unveiling of new tariffs by U.S. President Donald Trump. On Wednesday, Trump enacted a broad "reciprocal tariff" strategy, introducing a 20% duty on imports from the European Union and a 10% duty on goods from the United Kingdom. This move has sparked fears of increased costs and the potential for retaliatory trade measures. As winter concludes on March 31, Europe is faced with nearly two-thirds of its gas storage depleted, raising worries about the adequacy of supply for the upcoming winter season. In response, the EU is contemplating easing its 90% storage requirement if cost pressures become too severe. Concurrently, Norway initiated a significant summer maintenance operation at the Nyhamna gas processing facility on April 2, which is expected to continue until April 7.