
European TTF gas reached nearly $10.00/MMBtu intraday on Monday, December 29, closing at $9.86 for its highest level in a month, as cold weather spread across parts of Europe. Henry Hub futures also rose above $4.00 as US LNG supply and cold forecasts lifted prices.
Norwegian supply was disrupted by an unplanned Asgard outage.
Higher US gas prices and cold European demand lift global LNG benchmarks, supporting US gas costs and signalling firm demand for export cargoes.
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.