Citigroup projects that by the second quarter of 2026, the average price of European natural gas, as measured by the Dutch Title Transfer Facility (TTF), will reach 75 euros per megawatt-hour (equivalent to $25.4 per million British thermal units). Concurrently, the average price for Asian liquefied natural gas (LNG), benchmarked by the Japan-Korea Marker (JKM), is expected to hit $26.8 per million British thermal units.