In Week 16 of April 2025, Dutch gas prices saw a slight increase, despite the combination of warm temperatures and strong supply from Norway. TTF gas futures for contracts with delivery in May 2025 were slightly higher compared to the previous week but remained consistently below €40/MWh throughout the week.
On Thursday, April 14, TTF gas futures reached their weekly peak settlement price of €35.657/MWh, marking a 1.0% increase from the previous day. This was also a 7.1% rise from the price on Thursday, April 10. Earlier in the week, on Tuesday, April 15, the price dipped to the weekly low of €34.407/MWh, which was 0.3% lower than the day before and 5.0% lower than the previous Tuesday, April 8. The weekly average price stood at €34.97/MWh, representing a 0.7% increase compared to Week 15.
On Monday, April 14, Dutch gas prices saw a rise compared to the last session of the previous week. However, they were still 6.8% lower than the previous Monday, mirroring trends in equity markets that were impacted by tariff exemptions on Chinese goods for tech companies. Meanwhile, milder weather and increased wind power generation were expected to boost gas storage replenishment. The price movements were also influenced by concerns over potential global economic slowdowns due to recession fears, although tariff exemptions, including those for smartphones and laptops, sparked some optimism.
By Wednesday, gas prices remained stable, thanks to a good supply balance and lower demand. However, prices edged up on Thursday, as expectations of declining temperatures and renewable energy generation over the weekend, combined with quieter trading ahead of the Easter period, contributed to the price increase.
As of the latest update, the one-month forward contract at TTF was trading at €34.290/MWh.
