Draft shows EU will work to more flexible filling targets for gas storage
A draft EU document revealed that the European Commission would work to develop more flexible targets so EU countries can fill their gas storage before winter. This follows concerns from some governments about Europe's strict deadlines for filling up. In 2022, after Russia cut gas supplies to Europe…
EUROPE GAS - Dutch benchmark falls to two-week low due to weather, storage hope and peace talks
The benchmark Dutch Gas Contract fell on Friday, to its lowest level in over two weeks. This was due to forecasts for milder weather and talks about a loosening up of European gas storage goals, as well as ongoing U.S. attempts to end the conflict in Ukraine. LSEG data shows that…
Germany wants EU to relax its gas storage targets
The German ministry of economic affairs and climate said that they are concerned about the cost. In response to the disruption in supply caused by the Ukraine War, all EU countries must fill their storage caverns up to 90% capacity by November. Intermediate targets are February, May July and September.
Prices of gas in Europe are lower than the first session for a second session. Ukraine Peace prospects dominate
The wholesale gas price in the Netherlands and Britain continued to fall on Thursday, after reaching a two-year peak on Tuesday. Market participants were watching for any further developments regarding the efforts of U.S. president Donald Trump to bring an end to the conflict in Ukraine.
Sources say that EU countries will discuss relaxing gas storage targets
EU sources said that the countries of the European Union will discuss on Thursday the request from some governments for the relaxation of the gas storage targets. This is because the costs to fill Europe's caverns with gas this year are increasing. Gas Infrastructure Europe's…
Storage levels are falling as a result of the German gas event.
The German gas market manager's meeting with key stakeholders at a trade show has not led to the subsidised gas auctions that could boost the flagging underground caverns. In the absence of progress, the biggest economy in Europe faces a question mark over its energy supply during the winter months.
Germany's Gas Trading Hub to Hold Talks on How to Increase Storage Levels
The German gas trading hub said it will hold discussions with traders at a energy industry event in Essen on Tuesday evening to discuss ways to boost the country's declining gas reserves. Trading Hub Europe (THE) has proposed consultations at the E-World of Energy Trade Fair in…
Prices of EUROPE GAS are down from their two-year-highs, but storage issues remain
The Dutch and British wholesale prices of gas fell from their two-year highs, but the lower temperatures and concerns about storage levels were the main reasons. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was down by 1.21 euros at 57.05 Euros per Megawatt Hour (MWh), which is $17.25/mmBtu as of 0922 GMT.
EUROPE GAS - Prices trade within a narrow band amid cold weather and storage concerns
The Dutch and British wholesale prices of gas traded in a narrow band on Wednesday morning. They remained near their 15-month peak seen earlier this week amid a cold weather forecast and concern over the storage build. According to LSEG, the benchmark front-month contract for…
Prices for Europe GAS fall due to mixed temperatures and strong renewable output
The wholesale gas prices in the Netherlands and Britain fell on Tuesday, reversing a 15-month peak reached the previous session due to mixed weather forecasts and a higher renewable production. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was down…
EUROPE GAS Prices fall on profit-taking and mixed temperatures outlook
Dutch and British wholesale prices of gas fell on Tuesday morning due to profit-taking. Prices had reached a new 15-month-high on Monday, amid mixed weather forecasts for this week. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was lower by 0.65 euros…
EUROPE GAS - Prices at a new 15-month high due to cold weather and restocking fears
The Dutch and British wholesale prices of gas rose on Friday morning to a new 15-month high as the cold weather forecasts increased demand. There were also concerns about storage refilling due to tightness on the market. According to LSEG, the benchmark front-month contract for…
Baker Hughes exceeds its quarterly profit expectations on natgas demand
Baker Hughes, a U.S. oilfield equipment company, beat Wall Street's fourth-quarter profit estimates on Thursday as strong demand for natural gas products and services offset the weak sales of its drill gear in North America. Oilfield services companies are struggling with lower demand…
EUROPE GAS-Prices stable amid warmer and windier weather
The Dutch and British wholesale prices for gas were not much different on Friday, as the expectation of a warmer, windier climate helped offset concerns about storage levels. This was due to a lower demand for immediate gas from softer weather. LSEG data shows that the benchmark…
Interfax reports that Gazprom wants to increase the domestic gas price in Russia.
Interfax reported that Gazprom, the Russian gas giant, was trying to increase prices in order to fund investments. The company's sales abroad have plummeted as European buyers are turning away due to the Ukraine conflict. Gazprom suffered losses of nearly $7 billion in 2023. This was its first loss in over 20 years.
US NatGas Demand Could Hit Record High
U.S. spot natural gas and power prices soared to multi-year highs in several parts of the country with extreme cold expected to boost gas demand to a daily record high on Tuesday.Extreme weather has created havoc for power and gas markets in recent years as demand has come close to outpacing supply.In February 2021…
Prices rise for low LNG storage and concerns about prices
The wholesale gas prices in the Netherlands and Britain rose mostly on Tuesday morning as withdrawals from storage sites for gas and uncertainty about LNG supply continued to support. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub increased by 0.78 euros to 48.50 euro per megawatt hour, or $14.70/mmBtu by 0914 GMT.
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.
EUROPE GAS-Prices increase on TurkStream news and wider supply concerns
Dutch and British wholesale prices of gas rose on Monday due to reports about attempted attacks on Russian pipelines, low levels of storage, new U.S. energy sanctions and forecasts that the weather will be colder and less windy. LSEG data shows that the benchmark front-month contract…
Russia launches new missiles at Ukraine and targets its gas infrastructure
Russia has launched another barrage of drones and missiles against Ukraine, this time targeting the gas infrastructure in western regions. This is the latest attack on Ukraine's crippled power system just as winter approaches. Volodymyr Zelenskiy, the president of Ukraine, said…
