29/05/2026 – Memorandum of Understanding between the United States and Iran, US President Trump has the final say – Read more news

GAS & POWER: Yesterday was a volatile day, with gas prices nearing the 49 €/MWh mark on the TTF front-month before falling below end-of-day sales and returning to trading in the 46.5 €/MWh area. The relaunch of a possible agreement that provides for a 60-day truce aimed at lasting peace and the immediate reopening of the Strait, which would only lack President Trump's final say, the key driver of the end of the day. The week saw a disconnect between crude oil prices, which this morning were at their lowest since April 22, and gas prices, which were up 10% compared to prices during that period.

The Dutch government told parliament yesterday that it had instructed state-owned company EBN to begin injecting into national storage facilities, which were almost completely emptied at the end of winter, amid current prices making the operation commercially unviable for private operators. Allocated around EUR 1 billion in subsidies to enable the purchase of up to 80 TWh of gas during the year – around 55% of overall capacity.