EnergyReader · 2026-08-08 00:31

EU Gas Prices Post 42% July Surge as Backwardated Curve Cuts Storage Incentive

By EnergyReader Newsroom · August 8, 2026

European gas prices surged more than 42% through July 2026, hitting a four-month high and immediately undercutting the economic case for winter storage. A backwardated ICE Endex TTF forward curve — where near-term prices sit above winter delivery months — made injection unprofitable for commercial traders, removing the market signal to build stocks at the moment summer filling is most needed, Upstream Online reported.

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ICE Endex Dutch TTF gas futures, front-month → EU gas storage (AGSI+) →

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