23.03.202611:37:39UTC+00TTF Prices Fall for 2nd Session

European natural gas futures fell 6% to €55.7 per MWh on Monday, extending losses into a second session after President Donald Trump announced a five-day pause on planned US strikes against Iranian energy infrastructure, following talks aimed at ending the conflict. Trump said the discussions had been productive and would continue through the week, boosting hopes of de-escalation.

Energy markets have been highly volatile since the war began, with traffic through the Strait of Hormuz largely blocked and key supply routes severely disrupted. Any easing of tensions could allow some gas flows to resume, though much will depend on whether shipping activity recovers.

Last week, both sides launched a series of strikes on energy infrastructure, including Qatar’s Ras Laffan complex, the world’s largest LNG facility. At the same time, global LNG exports fell to a six-month low, highlighting increasingly tight supply conditions. Shipments declined by roughly 20% to 1.1 million tons, led mainly by a sharp drop from Qatar and, to a lesser extent, the UAE.