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.
EUROPE GAS-Prices in Europe rise due to cold weather.
The price of Dutch and British gas contracts increased on Tuesday morning, as the cold weather across Europe boosted demand for gas heating and increased withdrawals. LSEG data shows that the benchmark Dutch front-month contract was up 0.35 euros at 31.75 Euro per megawatt hour at TTF hub, or $10.78/mmBtu by 0901 GMT. The British day-ahead price of gas rose 1.50 pence, to 83.75 p/therm. Meanwhile, the front-month contract increased by 1.02 pence.
EUROPE GAS-European gas prices increase as cold weather increases demand
Dutch and British gas prices rose on Monday as the cold weather drives up demand for gas heating and also triggers more withdrawals from gas storage facilities. LSEG data shows that the benchmark Dutch front-month contract was up 0.64 Euro at 31.64 euros/MWh, or $10.76/mmBtu at 0849 GMT. This is the highest intraday value in 10 days. The British day-ahead price of gas was 1.25 pence more expensive at 82 pence a therm.
EUROPE GAS - European prices rise from 18-month lows as cold weather looms
The Dutch and British gas price rose on Friday morning from a low of 18 months, which was reached a day before. This is because temperatures are expected to drop sharply in the coming week, increasing demand for energy, which should lead to a rise in gas storage withdrawals. LSEG data shows that the benchmark Dutch front-month contract was up 0.17 euros at 30.65 Euro per megawatt hour at TTF hub, or $10.46/mmBtu at 0919 GMT. The Dutch day-ahead contracts was up by 0.81 euros at 30.70 Euro/MWh.
The cold weather forecast is driving up gas prices in the Netherlands and Britain
The wholesale prices of Dutch and British gas rose on Wednesday morning as the colder weather forecast increased demand. LSEG data revealed that the benchmark Dutch front-month contract for the TTF hub had increased by 0.34 euros to 31.50 Euros per Megawatt Hour (MWh), or $10.67 /mmBtu at 0913 GMT. The Dutch day-ahead rate was 30.75 euros/MWh, up 0.55 Euro. The British day-ahead contracts was up by 4.9 pence to 68 p/therm.
EUROPE GAS - European prices are mixed due to divergent weather forecasts
Dutch and British electricity prices were mixed Monday morning, reflecting forecasts for a quicker return to cooler temperatures that will increase gas demand. However, the weather is still expected to be warmer than normal and windy in the coming days. LSEG data shows that the benchmark Dutch front-month contract was up 0.03 euros at 31.21 Euro per megawatt hour at TTF hub, or $10.58/mmBtu at 0924 GMT. The Dutch day-ahead contracts was up by 0.03 euros at 31.08 Euro/MWh.
EUROPE GAS - European prices are expected to ease due to forecasted milder weather and a plentiful supply
Dutch and British gas rates fell on Thursday morning as the weather forecasts for the next week were milder, and steady LNG arrivals maintained supply levels. The benchmark Dutch front month contract at the TTF Hub was down 0.21 euros at 31.49 Euro per megawatt-hour (MWh), $10.62/mmBtu by 0846 GMT and its lowest level since Friday, LSEG Data showed. Gas prices in the UK for the day ahead fell by 0.95 pence, to 76.35 cents per therm.
EUROPE GAS-European gas prices continue to ease on mild and windy weather
The British and Dutch gas contract eased further Friday, after a steep fall the day before, due to forecasts of mild weather and windy conditions in Europe over the next two week. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell 0.19 euros to 30.90 Euro per megawatt hour (10.48/mmBtu) at 1010 GMT. It traded earlier at 30,82 euros/MWh - its lowest intraday price since October 1. LSEG data shows that the Dutch day-ahead contracts dropped 0.13 euros to 30.45 euro/MWh.
Gas prices in Britain are down due to warmer temperatures and more wind
The British wholesale gas price dropped on Thursday, as the warmer temperatures and increased wind power are expected to arrive on Friday. Meanwhile, the Dutch equivalent fell. LSEG data show that the British gas front-month price fell 5% or 3.95 pence to 74.50 p/per therm by 0852 GMT. LSEG data shows that power demand in Britain will fall by 3.6 gigawatts on Friday, as temperatures are expected to increase 4 degrees Celsius in Britain to 13.2 degrees Celsius.
The price of gas in Europe is rising as a result of a lower Norwegian supply and milder temperatures
The wholesale gas price in the Netherlands and Britain rose on Wednesday morning, as a lower supply of gas from Norway was due to maintenance. This was offset by a weaker demand because of milder weather. LSEG data shows that the benchmark Dutch front-month contract was up 0.23 euro at 31,73 euros per megawatt (MWh) at $10.80/mmBtu at 0924 GMT. The Dutch December contract increased by 0.29 Euros to 31.99 Euros/MWh. The British gas front-month price increased by 0.59 pence to 80.22 p/per thermo.
EUROPE GAS-European gas prices stable near key technical support
Dutch and British gas contract prices were mostly firmer Tuesday. This was despite the fact that there are mild weather forecasts, and a steady supply of LNG and gas via pipeline. LSEG data shows that the benchmark Dutch front-month contract was up 0.29 euro at 31.55 Euro per megawatt hour at TTF hub, or $10.74/mmBtu by 0940 GMT. The price briefly fell to 31.14 euro/MWh, the lowest since October 3. The Dutch day-ahead contracts was up by 0.40 euro at 31.35 Euro/MWh.
The price of gas in Europe has fallen as the milder weather reduces demand
Dutch and British wholesale prices of gas fell on Monday as a result of a weaker heating and electricity demand, despite stable supply. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.31 euros at 31.59 Euro per megawatt hour or $10.77/mmBtu at 0912 GMT. The Dutch December contract is down by 0.24 euros at 31.99 Euro/MWh. The British gas day-ahead price fell by 1.2 pence to 77.50 pence per therm.
EUROPE GAS - European prices drop after a short-lived price boost.
The Dutch and British gas contract on Friday lost gains made in the previous session due to concerns about the impact of sanctions on Russian energy supplies. However, the short-term demand and supply picture did not change. LSEG data shows that the benchmark Dutch front-month contract was 32 euros per megawatt (MWh) or $10.89/mmBtu at 1018 GMT. This is a decrease of 0.40 euros. The Dutch day-ahead contracts was down by 0.10 euros to 32.20 Euros/MWh.
Energean, a UK-based company, signs a 15-year contract for the transmission of Israeli gas
Energean, a British gas producer, announced on Friday that it had signed 15-year contracts for the planned Nitzana gas pipeline from Israel to Egypt. The agreement was part of a $4 billion contract with Israel. Energean reported that the deal with Israel Natural Gas Lines, a state-owned pipeline operator, covers a transmission of up 1 billion cubic meters of natural gas each year. There are options to extend and terminate early.
The EU has approved a Russian LNG ban, which will increase the price of gas in Europe.
Dutch and British gas rates rose on Thursday, after the EU adopted a 19th set of sanctions against Russia. This included a ban on Russian gas liquefied imports. The United States also imposed sanctions against Russia's major oil companies. LSEG data shows that the benchmark Dutch front-month contract was 32.68 euros per Megawatt Hour (MWh) or $11.11/mmBtu at 0950 GMT. This is an increase of 0.47 euros. The Dutch day-ahead contracts was up by 1.00 euro at 32.75 Euro/MWh.