Chart Deck
US LNG’s nine-figure windfall
As TTF touches €100 per MWh, US LNG profits in Europe swell to $100 million on every cargo. Déjà vu, 2022?
Japan’s LNG love story is not over yet
Rising power demand, slow nuclear restarts and 10 GW of auction-backed gas plants could halt the fall in Japan’s LNG imports, argues Japan NRG.
This ain’t no bubble
Investment funds spent six weeks selling hard into a rally that lifted TTF to €80/MWh. The supply risk is real, and ENTSOG’s winter outlook quietly agrees
Panic and capitulation won’t save Europe
EU delays methane regulation and urges gas demand restraint, as Germany orders SEFE to fill storages. But humiliating climbdowns cannot protect Europe this winter
Deciphering the Hormuz narrative war
Washington says Iran has lost control of Hormuz. Iran says it struck tankers on its blacklist. More ships are moving, but on whose terms?
Halfway to reality
TTF has swallowed more of the Hormuz closure risk. Beneath the latest peace sell-off, funds have banked profits and made room to buy again.
America’s accidental heist of the global LNG business
GASTECH 2026 REFLECTIONS: War shifts US strategy from hard sell to soft power, while Qatar goes on the defensive
Gastech 2026: LNG hype vs reality
And human vs robot dance-off
Europe’s gold-plated energy crisis
Hedge funds cash in as winter scarcity fears ignite EU gas market
The TTF options paradox, explained
How options work, how they appear in fund positioning, and what they add to Energy Flux’s risk models.
Europe rolls the dice on winter gas
Our new interactive data model reveals how bad things could get in the EU gas market this winter, and what must go right to avoid disaster
Interactive 3D chart experiment
Bringing fresh perspective to the TTF Value-at-Risk analytical model
Total eclipse of the market
European gas is trading in the fleeting umbra of an eerie calm. Eclipses always end — and this one ends in a searing winter burn