European Gas Prices Plunge: Weather, Geopolitics, and a Potential Peace Plan

European natural gas prices have hit an 18-month low due to milder weather forecasts and the proposed U.S. peace plan for Ukraine. The benchmark Dutch TTF Natural Gas Futures traded at $35 per MWh, the lowest since May 2024. Geopolitical factors and weather patterns are key drivers of gas prices. With rising LNG flows, Europe’s gas inventories are falling but concerns about supply shortages are easing. The proposed peace plan could impact sanctions on Russian energy exports. Stay tuned for more updates on this developing story.