Natural gas futures on Amsterdam’s TTF market rose back above €92 per megawatt-hour on Tuesday. December contracts narrowed their decline to 2.5%, trading at €92.46 per MWh.
European gas storage levels have been falling amid colder temperatures in recent days, according to Gas Infrastructure Europe, the association representing national network operators. EU reserves stood at 74.56%, or 844.25 terawatt-hours, while Germany’s were at 61.05%, or 151 TWh.
Italy’s reserves were at 91%, equivalent to 185.11 TWh, making it the country with the highest available storage level.
Sources: ANSA Economia.