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U.S. Gas Stable, Europe Faces Rising Prices Amid Tensions

2/20/2026

37 9 Full Breakdown

Summary

Story summary

U.S. natural gas futures are stable after three days of losses, with Nymex gas at $2.998 per mmBtu.
In Europe, natural gas prices rise on potential Strait of Hormuz disruptions, with the Dutch TTF up 0.5% to 33.70 euros per megawatt-hour.
Analysts warn escalating Middle East tensions could jeopardize global LNG trade as EU gas storage sits at 32% capacity, well below the 49% five-year average.

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Story summary

U.S. natural gas futures are stable after three days of losses, with Nymex gas at $2.998 per mmBtu.
In Europe, natural gas prices rise on potential Strait of Hormuz disruptions, with the Dutch TTF up 0.5% to 33.70 euros per megawatt-hour.
Analysts warn escalating Middle East tensions could jeopardize global LNG trade as EU gas storage sits at 32% capacity, well below the 49% five-year average.