European natural gas traders are still eyeing further cold weather and U.S. LNG supply, adding a bullish upside to an otherwise stable global natural gas market.

Four-panel NGI chart showing trailing 365-day mean temperatures for Northwest Europe, Beijing, Seoul and Tokyo as of Jan. 26, 2026, with daily mean temperatures in degrees Fahrenheit compared against normal levels, illustrating seasonal warming through mid-2025 followed by cooling into winter across Europe and Asia. Source: NGI calculations, Bloomberg.

Expand

At A Glance:

TTF prices remain stickyEuropean storage drops below 45%U.S. LNG exports to Asia rise