Trade The World
European Gas prices rise on colder weather – ING
By FXStreet Insights Team
Date Published: 8 Jan 2026 | Date Modified: 8 Jan 2026
POPULAR ARTICLES
European Gas prices moved higher as colder weather and forecasts for continued low temperatures boosted demand and accelerated storage withdrawals.
European Gas prices moved higher as colder weather and forecasts for continued low temperatures boosted demand and accelerated storage withdrawals. With EU Gas storage down to 58% and investment funds reducing net short positions for a third straight week, downside pressure on TTF has eased, ING's commodity experts Ewa Manthey and Warren Patterson note.
EU Gas storage falls well below seasonal average
"European Gas prices strengthened yesterday, with TTF settling more than 2.5% higher on the day. Colder weather across parts of Europe and forecasts for colder-than-usual conditions in the coming days is providing support to the market. The current cold snap has led to a recent acceleration in storage declines."
"EU Gas storage is now 58% full vs a 5-year average of 72%. The latest positioning data indicate that investment funds reduced their net short position in TTF for the third consecutive week. Funds bought 6.2TWh over the last reporting week, leaving them with a net short of 72.4TWh."
FXStreet
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
