# European Gas Prices Fall 17% From Peak as Storage Lags and Winter Supply Risks Persist

> European benchmark gas prices have retreated about 17% from their late-October peak, with TTF falling to €86.36/MWh on November 5. EU storage was 74.3% full, below its five-year seasonal average of about 90%, while October LNG imports were 84% of their pre-war average and QatarEnergy extended its force majeure through at least December.

- Date: 2026-11-07 · published 2026-11-08T06:08:00.989Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/87020-european-gas-prices-fall-17-from-peak-as-storage-lags-and-winter-supply-risks
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Diplomatic hopes have eased the price premium, but constrained LNG flows and low storage leave Europe exposed to renewed supply disruptions as winter demand builds. The underlying supply tightness supports prices despite the recent decline.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-12-14 | [Europe facing record low gas storage by winter's end](https://feedsoft.ai/events/43785-europe-facing-record-low-gas-storage-by-winter-s-end.md) | -1.2% | +7.3% |
| NATGAS | 2024-01-10 | [European Gas Climbs Amid Fresh Supply Risks and Cold Snap - Bloomberg](https://feedsoft.ai/events/5289-european-gas-climbs-amid-fresh-supply-risks-and-cold-snap-bloomberg.md) | -11.0% | -39.3% |
| NATGAS | 2023-05-25 | [SHELL \| Global LNG prices could spike this winter on low European gas stocks](https://feedsoft.ai/events/36127-shell-global-lng-prices-could-spike-this-winter-on-low-european-gas-stocks.md) | -15.9% | +6.0% |
| NATGAS | 2022-07-29 | [European Natural Gas, Asian LNG Prices Soar on NS1 Supply Cuts](https://feedsoft.ai/events/40665-european-natural-gas-asian-lng-prices-soar-on-ns1-supply-cuts.md) | -2.1% | +11.7% |

## Sources

- dailybyte.pk: https://dailybyte.pk/blog/european-gas-prices-fall-17-percent-storage-lags-winter-7-november-2026

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