
Dutch TTF front-month gas rose slightly to about 32.70 euros/MWh as Norwegian maintenance ended and flows to Europe increased. French LNG terminal strikes and Elengy force majeure notices reduced LNG deliveries.
Storage was expected to draw next week as colder weather lifted demand.
Tight European storage and reduced LNG supply raise winter price risk for European gas, which supports nitrogen fertilizer costs. Norwegian supply recovery partly offsets the outages.
After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.