The sinking cost of natural gas and LNG prices across the world in recent weeks has influenced banks and energy analysts to lower their price forecasts for the year as global storage inventories and demand hold steady.

Expectations have especially shifted for the Dutch Title Transfer Facility, which has dropped around 80% since reaching a record high in August. A continued influx of liquefied natural gas cargoes and mild weather have kept Europe’s natural gas storage at around 80% full, well above the five-year average. 

Since the beginning of the year, the TTF has slumped below $20/MMBtu, hitting its lowest point since 2021. The prompt price for March again closed just above $19 onThursday. TTF has also been closely followed by Japan-Korea Marker futures, which have been...