The price of gas in Europe is rising due to the forecasted lower temperatures for the weekend
LONDON, 7 January - Dutch wholesale gas prices and British wholesale gasoline prices rose Wednesday morning due to colder weather forecasts for the weekend and next weeks. LSEG data shows that the benchmark Dutch front-month 'contract at TTF hub increased?0.78 euro to 28.80 euros per Megawatt Hour (MWh) at 0901 GMT. The Dutch contract for the month of March increased by 0.74 Euros to 28.51 Euros/MWh. The British gas day-ahead price has increased by 2.08 pence, to?77.80 per therm.
EUROPE GAS - European prices are easing due to profit-taking and milder weather.
Gas prices fell in Europe and Britain on Monday after reaching a month-high in the previous session. Traders took some profits and forecasts for less windy and cold weather eased demand. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell by 1.23 euros to 27.60 Euro per megawatt hour or $9.45/mmBtu at 0916 GMT. The contract was closed on Friday at the highest level since November 27. The Dutch day-ahead contracts was down 1,22 euros to 28.20 Euros/MWh.
The Dutch benchmark is expected to finish the year 40% lower than last year's price.
The Dutch and British gas wholesale prices were not much changed on Wednesday morning as wind power output curbed gas plant demand. However, the benchmark Dutch contract for the front month of 2025 is expected to be around 40% lower than it was at the beginning of the year. LSEG data shows that the benchmark Dutch front-month contract was up 0.32 euros at 28.12 Euros per megawatt hour or $9.66 /mmBtu at 0904 GMT.
EUROPE GAS: Cold spell pushes Dutch benchmark contract up by one month
Dutch and British gas rates rose on Monday, the European benchmark contract reaching a one-month high after the holidays, due to strong demand due to the cold weather. LSEG data shows that the benchmark Dutch front-month contract for?the?? hub at a price of 28.38 euros per Megawatt Hour (MWh) or $9.80/mmBtu was up by 0.28 euros as of 0857 GMT. On Monday morning it traded up to 28,67 euros/MWh, its highest price since November 28.
EUROPE GAS - European prices rise on cold weather forecasts
The Dutch and British gas contract prices rose a little on Wednesday morning amid thin trading before a long Christmas holiday. Forecasts of a cold snap are expected to increase demand. LSEG data showed that the benchmark Dutch front-month contract was 28.20 euros per megawatt hour or $9.75/mmBtu at 1021 GMT. This is an increase of 0.42 euros. The Dutch contract for February was 0.30 euros higher at 27.90 euros/MWh.
US Natural Gas Futures Rise Alongside LNG Export Demand
U.S. natural gas futures rose 4% on Tuesday, boosted by record gas flows to liquefied natural gas export plants and forecasts for more demand than previously expected over the next two weeks.Front-month gas futures for January delivery on the New York Mercantile Exchange rose 15.3 cents, or 4%, at $4.105 per million British thermal units by 08:59 AM ET. Priced ended 0.5% lower on Monday. "The demand for LNG is very strong and they're keeping those numbers near record high.
EUROPE GAS - European prices drop on less cold weather forecast
The Dutch and British gas contract fell on Tuesday, as some weather forecasts indicated a potential?quicker ending to a winter cold spell? and that the supply remains stable. LSEG data shows that the benchmark Dutch front-month contracts at?the TTF hub were down 0.41 euros at 27.36 Euro per megawatt hour or $9.47/mmBtu by 1005 GMT. The Dutch day-ahead contracts was down by 0.38 euros at 27.27 Euro/MWh. The British gas front-month contract was 1.55 cents lower at 72.00 pence per thermo.
EUROPE GAS-European Gas Prices Rise on Colder Weather Demand
Dutch and British gas rates posted modest gains on Thursday, but it is expected that they will remain flat as the 'increased demand due to colder weather' can be easily met through pipelines and liquefied natural gas deliveries. LSEG data shows that the benchmark Dutch front-month contract was 27.57 euros per Megawatt Hour (MWh) or $9.48/mmBtu at 0907 GMT. This is an increase of 0.19 euros. The Dutch day-ahead contracts was up by 0.41 euros to 27.36 Euro/MWh.
Prices for gas in Europe are little changed, as the cooler weather increases demand
Dutch and British gas traded in a narrow band on Monday morning after rising the previous two sessions. Cooler weather supported higher gas demand, and a sharp fall in wind speeds boosted gas demand for electricity generation. But stable supply limited gains. Data compiled by LSEG revealed that the benchmark Dutch front-month contract was down by 0.04 euros at 27,46 euros per megawatt (MWh) or $9.45/mmBtu by 0958 GMT. The Dutch day-ahead contracts was nearly flat at 27,50 euros/MWh.
EUROPE GAS-European gas prices increase in the afternoon on cooler weather forecast
The Dutch and British gas price rose on Friday after-noon on the expectation of higher demand. Data compiled by LSEG revealed that the benchmark Dutch front-month contract at the TTF Hub was up 0.73 'euro 'at 27,65 euros per megawatt (MWh), which is $9.51/mmBtu by 1627 GMT. The Dutch day-ahead contracts was up 0.58 Euro at 27.58 EUR/MWh. The British front-month contract gas price?was up 2.66 pence to 73.31 p/therm while the day-ahead was up 2.56 pence to 71.31p/therm.
EUROPE GAS - European prices are flat, but cooler temperatures support them
The Dutch and British gas price were not much different on Friday. This was due to the expectation of increased demand as the recent warmer temperatures are expected to be replaced by more normal seasonal temperatures. Data compiled by LSEG revealed that the benchmark Dutch front-month contracts?at the TTF hub? were up 0.10 euros at 27.02 Euros per Megawatt Hour (MWh) or $9.26/mmBtu by 0828 GMT. The Dutch day-ahead contracts was flat at 27,00 euros/MWh.
EUROPE GAS-European prices extend decline as milder weather softens demand
The benchmark contract for Dutch and British gas fell a further 19 months on Wednesday afternoon as the?updated temperature?forecasts indicated milder weather. LSEG data showed that the benchmark Dutch front-month contract was at its lowest intraday rate since April 2024, at 26.76 euros/MWh, or $9.12/mmBtu. The Dutch day-ahead contract eased by 0.69 euros, to 26.66 Euro/MWh. The British front-month gasoline price was down 0.60 pence to 68.90 cents.
EUROPE GAS - European prices trade in narrow range due to strong supply and demand pickup
Dutch and British gas prices rose on Wednesday morning, but remained confined to a small range. This was due to the strong supply of liquefied?gases (LNG), which offset an increase in demand due to a cooler weather forecast. LSEG data shows that the benchmark Dutch front-month contract was 27.06 euros per Megawatt Hour (MWh) or $9.24/mmBtu at 0854 GMT. This is a decrease of 0.43 euros. The Dutch day-ahead contract eased by 0.52 euros, to 26.83 Euro/MWh.
EUROPE GAS-European Prices Rise on Slightly Stronger Demand Outlook
Dutch and British gas rates firmed up on Tuesday. Forecasts suggest a slightly higher demand, although both pipeline?and liquefied (LNG?) supply remain robust. LSEG data revealed that the benchmark Dutch front-month MWh contract at TTF hub had increased by 0.16?euros to 27.33 euros (MWh) or $9.33/mmBtu as of 0913 GMT. It fell to its lowest level in April 2024, 26.75 Euros/MWh on Monday. The Dutch day-ahead contracts eased by 0.03 euros, to 26.77 Euros/MWh.
EUROPE GAS - European prices drop on warmer and windier weather
The Dutch and British gas price continued to drop on Friday as the forecast of warmer and windier weather for next week reduced demand and tightened up the spread between United States gas delivery and Dutch prices. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.32 euros, or $9.26/mmBtu at 1025 GMT. Data showed that the U.S. Henry Hub front-month contract fell by 0.10 euros to 14.73 euros/MWh or $5.03/mmBtu. The U.S.
EUROPE GAS - European prices drop as milder and windier weather returns
The Dutch and British gas price fell on Thursday morning, as the forecast for warmer weather and increased wind next week reduced demand. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.55 euros, or $9.44/mmBtu at 0947 GMT. The Dutch day-ahead contracts was down by 0.38 euros to 27.85 Euros/MWh. Gas prices in the UK for the day ahead fell by 2.25 pence, to 70.25 p/therm. The front-month contract also dropped by 1.75 pence, to 71.75p/therm.
EUROPE GAS - European prices stable in a new lower range
The Dutch and British contracts for gas were slightly weaker Thursday, but they remained at 18-month lows, hit earlier in the week, due to milder weather and abundant supply, as well as hopes of a Ukraine Peace Deal. However, some winter risks still remain. LSEG data shows that the benchmark Dutch front-month contract was 29.05 euros per Megawatt Hour (MWh) or $9.86/mmBtu at 0925 GMT. This is a decrease of 0.20 euros.
The price of gas contracts in Europe remains at a 18-month low due to peace talks, mild temperatures and abundant LNG
Dutch and British gas futures traded slightly lower on Wednesday. They were near their lowest levels in 18 months, due to the prospects of warmer weather for early December, the ongoing efforts to end Ukraine's war, and the abundance of liquefied gas. Analysts said that the further downside is limited as long as the gas storage levels continue to drop and that LNG exports to Europe may be slowed. LSEG data shows that the benchmark Dutch front-month contract was 29.20 euros per Megawatt Hour…
EUROPE GAS prices range bound on warmer weather and Ukraine peace talks
The Dutch and British wholesale prices of gas traded in a narrow band on Tuesday. This was due to a strong supply coming from Norway, liquefied gas (LNG), softer demand because of warmer temperatures and ongoing discussions to end the conflict in Ukraine. LSEG data shows that the benchmark Dutch front-month contract was 29.45 euros per Megawatt Hour (MWh) or $9.50/mmBtu at 0920 GMT. This is a decrease of 0.32 Euro. The contract dropped below 30 euros on Monday for the first since May 2024.
EUROPE GAS-European benchmark falls to its lowest level in 18 months on the back of a milder outlook and peace talks with Ukraine
On Monday, the European benchmark contract fell under 30 euros for first time since May 20, 2024. This was due to forecasts of a warmer-than-normal climate in the coming two weeks as well as ongoing diplomatic efforts aimed at ending the war in Ukraine. LSEG data shows that the benchmark Dutch front-month contract was 29.25 euros per Megawatt Hour (MWh) or $9.88/mmBtu at 0945 GMT. This is a decrease of 0.99 Euro. This is the lowest price in 20 years.