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November 2025 TTF below €30/MWh: Europe’s gas risk premium cracks as peace hopes rise

November 2025 TTF below €30/MWh marks a significant shift in European natural gas prices, with Dutch TTF futures briefly dipping under €30/MWh for the first time since May 2024. The article examines the drivers behind this move, including ample inventories, strong LNG arrivals, and the impact of Ukraine peace talks on market sentiment and risk premia.
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