As noted in the state-owned company's statement, specifically, last week the price of gas fell from 82.57 euros/MWh (September 14) to 76.35 euros/MWh (September 17), and then rebounded to 79.52 euros/MWh (September 18). Market trends continue to be influenced by the geopolitical situation in the Middle East. Risks associated with transportation through the Strait of Hormuz remain high; however, signs of a possible gradual reopening of sea lanes and the resumption of certain energy shipments have partially eased price pressures. Another factor is the level of gas reserves in Europe. Gas storage facilities across the European Union are approximately 69% full, while the five-year average is about 85%. In Germany, storage levels stand at about 56%, which keeps the market vulnerable ahead of the cold season. The market is also influenced by fluctuations in liquefied natural gas (LNG) shipments to Europe, reduced supplies from Norway, and competition with Asia for available gas volumes. At the same time, falling oil prices and diplomatic signals from the region on certain days have contributed to a correction in TTF prices. Nevertheless, prices for the coming months remain high. Prices for deliveries from October 2026 through February 2027 are fluctuating around 76–77 euros/MWh, while prices for March 2027 stand at around 73 euros/MWh. Thus, the market continues to factor in risks associated with supplies during the cold season. Energocom monitors the situation on European markets daily and will continue to report on natural gas price trends on European exchanges. // 21.09.2026 — InfoMarket