The natural gas market saw increased demand due to the cold winter; however, strategic reserves in the Inčukalns underground gas storage facility ensured stable supply without disruptions.

The average monthly price on the TTF natural gas exchange in February, which also set the price for the entire month of March, was 32,79 EUR/MWh. At the beginning of the month, the price was around 35 EUR/MWh, but despite the temperature drop caused by the cold wave, prices slightly decreased.

By the end of February, the fill level of the Inčukalns underground gas storage facility was critically important for regional security. According to AGSI data, the average storage level across Europe fell to approximately 30% by the end of February, while Inčukalns remained above the regional average, ensuring sufficient capacity for the start of the spring season.

TTF prices were influenced not only by weather conditions but also by tensions in the global LNG market and the stability of supply routes.

An increase in natural gas prices is expected in March and April. Although weather conditions are becoming warmer, prices are currently volatile in response to the geopolitical situation in the Middle East. The current average TTF exchange price forecast for April is 40–50 EUR/MWh.