Prices of EUROPE GAS rise amid economic turmoil
Dutch and British gas rates rose Monday morning, in line with the equities market, after some tariff exemptions were granted for Chinese products supplying tech companies. Milder, windier conditions should also allow for increased gas storage filling. LSEG data shows that the benchmark Dutch front-month contract rose by 0.40 euros to 34.00 euros per Megawatt Hour (MWh) or $11.43/mmBtu at 0826 GMT. The Dutch June contract increased by 0.48 euros to 34.28 Euro/MWh.
EUROPE GAS-Prices remain volatile amid tariff, gas storage target uncertainty
The Dutch and British gas price are not clear on Friday, but they remain close to recent multi-month-lows. This is because the market continues grappling with the effects of the U.S. trade war induced by tariffs on the global economic situation and the EU countries meeting to discuss filling gas storage targets. LSEG data shows that the benchmark Dutch front-month contract fell by 0.02 euros to 33.338 Euro per megawatt hour or $11.13/mmBtu at 0815 GMT.
As U.S. Tariffs take effect, the prices of gas in Europe will fall in line with those on other markets.
The Dutch and British gas price fell on Wednesday in line with the wider sell-offs of equity and commodities markets, as U.S. "reciprocal" tariffs took effect, which has raised fears about a recession. LSEG data shows that the benchmark Dutch front-month contract fell by 1.07 euros, to 34.55 Euros per megawatt hour or $11.11/mmBtu at 0832 GMT. On Monday, the contract reached 33.65 Euros/MWh, its lowest since September 2024. The Dutch June contract is down by 1.20 Euros at 34.65 EUR/MWh.
EUROPE GAS - Prices range as the market weighs tariff impact
The Dutch and British gas price rose slightly on Tuesday and are expected move in the same direction as the market evaluates the impact of U.S. energy tariffs amid concerns that slow global growth may impact demand. LSEG data shows that the benchmark Dutch front-month contract increased by 0.71 euros, or $11.54/mmBtu to 36.28 Euros per megawatt hour. On Monday, the contract reached 33.65 Euros/MWh, its lowest since September 2024. The Dutch June contract increased by 0.42 Euros to 36.50 Euros/MWh.
EUROPE GAS-Global trade fears fuel market volatility
Dutch and British gas rates recovered some of their earlier losses, after increasing on Monday. However, they then fell back down again as fears about a global war leading to a weaker demand for energy fuelled volatility. LSEG data shows that the benchmark Dutch front-month contract fell 0.55 euros, or $11.55/mmBtu to 35.90 Euros per megawatt hour. The contract reached 33.65 Euros/MWh earlier in the year, its lowest level ever since September 2024.
Prices for EUROPE GAS are at their lowest in 6 months due to retaliatory tariffs from China
The Dutch and British gas price plunged on Friday to the lowest level in more than six months, in line with the sharp drops in oil and stock market after China announced retaliatory duties on U.S. products, causing global recession fears. LSEG data show that the Dutch front-month contract fell 3.62 euros or 9% to 35.86 euros or $11.63/mmBtu at 1158 GMT. The contract had fallen to 35.25 Euros/MWh earlier, the lowest level since September 23, 2024.
Front-year contracts are under pressure from falling gas and carbon prices
German and French power contracts for the year ahead traded lower on Monday as a result of losses in gas and carbon permits. The German power contract for 2025 has fallen by 1.9%, to 81.40 Euros ($89.41). Meanwhile the French baseload contract for 2025 has contracted by 1%, to 60.90 Euros/MWh. Dutch and British gas rates fell on Friday morning, and are near their lowest levels since early March. This is due to fears that the global tariff war caused by U.S.
Prices for EUROPE Gas remain at a 1-month low as U.S. Tariffs threaten Demand
Dutch and British gas rates fell on Friday morning, trading at their lowest level since early March. This is due to fears that the U.S.-led global trade war could reduce industrial activity and decrease gas demand. LSEG data shows that the Dutch front-month contract fell 0.48 euros to 39.00 euros per Megawatt Hour (MWh), or $12.56/mmBtu at 0807 GMT. The contract fell briefly to 38.50 Euros/MWh on Thursday, its lowest level since March 7.
Prices for EUROPE GAS continue to fall as the warm weather continues curb demand
The Dutch and British gas price continued to fall on Thursday as the warmer weather continues reducing demand. Meanwhile, the market is watching the impact of Trump’s "Liberation Day tariff plan". LSEG data shows that the Dutch front-month contract fell 0.89 euros to 40.60 Euro per Megawatt Hour (MWh), or $12.80/mmBtu at 0827 GMT. The Dutch day-ahead contracts was down by 1.05 euros at 39.95 Euro/MWh. The British day-ahead contracts was down 1,70 pence to 98.80 per therm.
The price of gas in Europe is rising due to forecasts for cooler temperatures and Norwegian maintenance
Dutch and British gas rates rose on Tuesday, as forecasts called for cooler temperatures over the weekend. They also cited maintenance scheduled at certain Norwegian infrastructure this week. LSEG data shows that the Dutch front-month contract increased by 0.34 euros to 40.69 Euro per megawatt hour or 12.88/mmBtu at 0818 GMT. The Dutch June contract increased by 0.37 euros to 41.24 Euro/MWh. The British day-ahead contracts was up 1.25p at 98.25p/therm.
EUROPE GAS - Prices fall on mild temperatures and energy attack pause
The Dutch and British gas price fell on Wednesday morning, as the mild temperatures reduced gas demand. Meanwhile, the U.S. made deals with Russia and Ukraine to stop attacks against energy targets and at sea. LSEG data shows that the Dutch front-month contract fell by 0.15 euros to 40.97 euros per Megawatt Hour (MWh), or $12.96/mmBtu at 0917 GMT. The Dutch May contract is down 0.75 euros at 40.95 Euro/MWh. On ICE, the British day-ahead contract fell by 0.80 pence to 99p/therm.
As the price cap increases by 6.4%, millions of Britons will be paying more for their energy.
After Ofgem announced that its domestic price cap will rise by 6.4% in April due to the soaring wholesale prices of energy, millions of Britons are expected to pay more for their energy. This is the third consecutive quarter that the price has risen. It's a major blow to the government which has set reducing energy costs as one of its goals. This comes on the heels of higher than expected inflation numbers for January.
EUROPE GAS - Prices stable amid ample supply and milder weather
The European and British gas contract prices were mostly unchanged on Friday, despite the milder weather forecast. Supplies from Norway and LNG are also steady. There is still uncertainty about future Russian gas supplies in the event of a peace agreement with Ukraine. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub fell 0.09 euros to 47.51 Euro per Megawatt Hour (MWh), which is $14.59/mmBtu at 0904 GMT. The TTF contract for April was up by 0.13 euros at 47.85 Euro/MWh.
Cornwall Insight: Britain to see a 5% increase in energy prices by April
Analysts at Cornwall Insight predicted that Britain's energy price cap would rise by almost 5% this April. Cold weather and low levels of gas storage in Europe are keeping wholesale prices high. This would be the third consecutive quarter of increases, and would be a major blow to the government, who has set a goal of reducing energy costs. Craig Lowrey is a principal consultant with Cornwall Insight.
Gas prices in Europe are lower due to milder temperatures
The prices of Dutch and British gas wholesale fell on Friday as the forecast for milder weather curbed demand. According to LSEG, the benchmark front-month contract for the Dutch TTF hub had fallen 0.30 euros at 46 euros per Megawatt Hour (MWh), which is $13.88 /mmbtu by 0925 GMT. The Dutch March contract is down by 0.37 euros, at 46.10 Euros/MWh. The front-month contract in Britain fell by 0.71 penny to 116.1 pence per therm.
EUROPE GAS-Prices edge lower amid strong supply
The Dutch and British gas wholesale prices fell on Wednesday morning, despite a stable supply. Profit-taking and escalating Middle East tensions also contributed to the decline. LSEG data shows that the benchmark front-month contract for the Dutch TTF Hub was down 0.38 euros at 39.0 euros per megawatt (MWh) or $12.66 mmBtu at 0842 GMT. The contract for the day-ahead was down by 0.10 euros at 38.78 euro/MWh. The day-ahead contract in the British market was 1.5 pence less at 93.00 cents per therm.
EUROPE GAS-Prices reverse earlier gains after Ukraine transit deal report
The Dutch and British gas wholesale prices dropped on Thursday, reversing gains made earlier, following a report in the media that Ukraine had agreed to transport Azerbaijani natural gas to Europe. The report was not immediately verified. By 1334 GMT, the benchmark front-month contract for the Dutch TTF hub had fallen by 0.84 euros to 34.25 Euro per megawatt hour (MWh), which is $11.16 mmBtu. LSEG data shows that the November contract is 1.69 euros lower, at 35.74 Euro/MWh.
Prices for gas in Europe are lower due to steady Russian and Norwegian supplies
The wholesale gas prices in the Netherlands and Britain fell on Thursday morning, as supplies from Russia via Ukraine remained constant. Intercontinental Exchange (ICE) traded the benchmark front-month contract Dutch TTF Hub at 35.40 Euros per megawatt (MWh), down 0.74 euros, by 8:34 GMT. The day-ahead contract on the British market was down 2.28 pence at 85.75 cents per therm. Analysts at ING reported that prices rose on Wednesday due to a mix of supply concerns.
U.S. LNG Exports Soar, Europe a Big Buyer
U.S. LNG to Europe may squeeze out smaller gas suppliers.Shipments of U.S. liquefied natural gas (LNG) have gathered pace in March and Europe is set to stay a top destination for spot cargoes with Asian prices still too low to ship the chilled fuel that far.But winter demand for gas is fading, while steady supplies of gas and LNG have kept inventories well stocked, depressing European gas hub prices. This has raised the question: how many more cargoes can Europe absorb?Suppliers of U.S.
Norwegian Oil, Gas Plants Restart after Ship Collision
An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas processing plant and several offshore fields.The frigate, which recently took part in a major NATO military exercise, was aground and tilting on one side, live television pictures showed. The Norwegian military was attempting to save the ship."We are working on stabilizing the vessel…
