Dutch Gas Benchmark Hits Highest Level Since 2022 on Supply Fears

The Dutch Title Transfer Facility (TTF) benchmark reached its highest level since December 2022 on Oct. 13 as Middle East attacks threatened supplies and European gas storage remained below average. The contract rose 1.8% to €85.85 per megawatt-hour at 10:55 a.m. ET (14:55 UTC), marking its sixth consecutive session of gains. Storage across Europe stood at 73%, leaving the market more exposed to weather-driven demand spikes and competition for liquefied natural gas supplies. Colder-than-normal temperatures could boost gas demand, while reduced wind generation could push up prices.

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