On August 25, 2026, the price of natural gas on the European market stood at 68.19 euros/MWh, remaining at a high level following the increase recorded in recent days. By comparison, on August 14, the TTF (Title Transfer Facility) price was 61.42 euros/MWh, and on August 24, it reached 68.32 euros/MWh.
Price dynamics continue to be influenced by geopolitical tensions in the Middle East and uncertainty regarding energy flows through the Strait of Hormuz. The possibility of tighter sanctions against Iran and risks related to the region’s energy infrastructure are keeping the risk premium in the market high.
Pressure is also mounting due to low inventory levels. European gas storage facilities are approximately 62% full, which is significantly below the seasonal average of about 79%. Current injection rates remain insufficient to quickly replenish inventories ahead of the cold season, which is sustaining strong market demand.
Another important factor is the competition between Europe and Asia for liquefied natural gas (LNG). Although LNG shipments to Europe have increased in recent days, gas availability continues to depend on high demand in Asia, maintenance work in Norway, and increased energy consumption due to high temperatures in Europe.
Prices for the coming months also remain high, ranging from approximately 66.7 to 68.3 euros/MWh for deliveries from September 2026 through February 2027.
By comparison, the weighted average price of natural gas purchased by Energocom in July for Moldova’s current consumption was 50.12 euros per 1 MWh at the country’s border.
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