05:56 AM EDT, 09/24/2025 (MT Newswires) -- The Title Transfer Facility natural gas price in Europe has fallen in recent days to 32 euros per megawatt-hour, likely due to Norway exporting more gas to the EU via pipeline again after a significant reduction in supply, Commerzbank said in a Tuesday note.

Maintenance work had cut supply for about three weeks, but its return should allow European gas storage facilities to fill up faster in the coming weeks, the bank noted.

The fill level has recently risen to just under 82%, but the gap to the usual fill level has remained at around 8.5 percentage points in the last three weeks, according to Commerzbank.

Meanwhile, prices were largely unaffected by news that the EU is proposing to accelerate a ban on Russian liquefied natural gas imports to the start of 2027 as part of the 19th package of sanctions.

The EU still imported about 14% of its LNG from Russia in the first eight months of this year, but it can be assumed that the U.S. will be able to compensate for the loss of Russian supplies, the bank said, citing data from the think tank Bruegel.