Dutch TTF front-month futures rose to their highest level since late 2022 earlier this week, subsequently breaking above €90/MWh again. EU gas storage facilities are currently about 74% full, the lowest level for this time of year since Bloomberg began tracking the data in 2009. Goldman Sachs commodity analyst Daan Struyven warned that European natural gas prices could further rise to €150/MWh if LNG exports through the Strait of Hormuz are maintained at only a quarter of normal levels, while severe cold weather drives up heating demand.