In April 2026, the natural gas market remained relatively stable, with a slight upward trend observed in the second half of the month. The market focus has fully shifted away from winter supply security towards storage refilling ahead of the next heating season.

TTF natural gas prices in Latvia averaged 52.02 EUR/MWh in April.

The overall fill level of European gas storage facilities currently fluctuates around 30–35%, which is significantly lower than typical levels for this time of year and below recent historical averages.

Geopolitical tensions in the Middle East, combined with infrastructure-related issues (such as notably reduced export capacity from Qatar), have removed a substantial volume of liquefied natural gas (LNG) from the global market.

In the coming months, Europe will need to intensify efforts to ensure sufficient storage levels ahead of the upcoming heating season. For early summer, natural gas prices are currently forecast to see a slight decline compared to April, with a projected level of around 46 EUR/MWh.