# TTF prices surge to their highest level | European Gas Hub

> Dutch TTF gas prices surged to their highest level of the year, near $14/mmBtu, as tighter supply and rising Middle East tensions lifted prices. Drivers included weak LNG supply growth, unplanned Norwegian field outages, EU storage shifting to withdrawals, and Russia's Arctic LNG 2 plant shutting down under sanctions.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/8118-ttf-prices-surge-to-their-highest-level-european-gas-hub
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tight European supply ahead of winter pulls in more LNG cargoes and supports global gas prices, which in turn supports US LNG export demand. Geopolitical risk adds volatility to the outlook.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-10-29 | [European gas hits highest level since 2022, up 4.35%](https://feedsoft.ai/events/1453-european-gas-hits-highest-level-since-2022-up-4-35.md) | -1.8% | — |
| NATGAS | 2026-10-26 | [Natural-Gas Prices in Europe Climb to Highest Level Since 2022 Amid Iran War - WSJ](https://feedsoft.ai/events/622-natural-gas-prices-in-europe-climb-to-highest-level-since-2022-amid-iran-war-wsj.md) | +5.2% | — |
| NATGAS | 2021-10-01 | [European gas prices hit all-time highs as Russian flows slump \| Reuters](https://feedsoft.ai/events/44762-european-gas-prices-hit-all-time-highs-as-russian-flows-slump-reuters.md) | -0.5% | +0.2% |
| NATGAS | 2026-10-01 | [Will European Gas Prices Keep Rising This Winter?](https://feedsoft.ai/events/17649-will-european-gas-prices-keep-rising-this-winter.md) | +5.2% | -7.8% |
| NATGAS | 2026-09-09 | [European Natural Gas Prices Surge as Middle East Attacks Choke LNG Shipments - WSJ](https://feedsoft.ai/events/17648-european-natural-gas-prices-surge-as-middle-east-attacks-choke-lng-shipments-wsj.md) | +1.3% | +5.6% |

## Sources

- europeangashub.com: https://europeangashub.com/ttf-prices-surge-to-their-highest-level/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.