Hormuz blockade risk, US toll threat lift TTF winter prices
Bullishness abounds for LNG prices and winter 2026/27 contracts at Europe’s benchmark TTF gas trading hub after US President Donald Trump threatened to impose a US toll on shipments through the Strait of Hormuz. For spot prices, the sell-off after the peace memorandum was short-lived.
US gas producers hedge Cal-26, brace for volatile winter prices
Many US gas producers are hedging their output, as a cold winter combined with soaring LNG feedgas demand could drive the Jan-26 contract above $5.00/MMBtu. The Henry Hub Cal-26 strip could - under these conditions - jump above $4.25/MMBtu, Energy Aspects forecasts.
Bullish outlook for prompt Henry Hub price
Technical factors support upward momentum for Henry Hub gas prices, especially for the winter 2025/26 strip. Energy Aspects’ quant analysts team sees open interest (OI) erosion in the near-term contracts which creates opportunity for new risk to be added along the curve.
