European natural-gas prices, specifically the benchmark TTF (Title Transfer Facility) futures, are anticipated to reach 80 euros per megawatt-hour by the end of 2026. Following this peak, the market is expected to see a decrease, with prices forecast to fall to 40 euros per megawatt-hour by the end of 2027.
This projection suggests a volatile period for European energy markets, with a notable surge in gas prices anticipated in the medium term. The anticipated rise contrasts with the subsequent expected decline, indicating potential market shifts and supply-demand adjustments over the next few years. The TTF contract is a key indicator for wholesale natural gas prices in Europe and influences energy costs for consumers and industries across the continent.