Prices for gas in Europe are on the rise due to low storage levels
The Dutch and British wholesale prices of gas rose slightly on Friday morning after falling to a 18-month low Thursday, as weaker storage levels supported the price increase. LSEG data shows that the benchmark Dutch front-month contract was up 0.33 euros at 29.35 Euro per megawatt hour or $9.96/mmBtu at 0929 GMT.
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 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…
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…
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.
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.
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…
EUROPE GAS-European gas prices are soaring on the back of mild weather and strong supply
The Dutch and British electricity prices were in a tight range on Tuesday, as the mild weather kept heating demand low and amid a strong supply of LNG and natural gas from Norway. LSEG data shows that the benchmark Dutch front-month contract was up 0.04 euros at 31.05 Euro per megawatt hour (10.53/mmBtu) at 1032 GMT.
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…
Greece signs long-term LNG supply agreement with US
Greece signed a 20-year deal to import 0.7 bcm of liquefied gas each year, starting in 2030. This is its first long term gas supply agreement with the United States. The deal aims to replace Russian gas shipments into Europe. The 20-year agreement comes just months after Trump's…
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…
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.
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…
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.
China drives global underground gas storage growth, International Gas Union says
In a report published on Monday, the International Gas Union said that China would lead global underground storage expansion by 2025. It will add 6 billion cubic meters (bcm), or working gas volume, to increase its total capacity to 19,8 bcm. The world's underground gas storage capacity has increased by 10 billion cubic meters since 2022.
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…
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…
EUROPE GAS-European Gas Prices Little Changed on Higher Wind and Colder Weather
The Dutch and British gas price ranges were mostly unchanged on Wednesday morning. Strong winds will offset the colder weather that is expected in the next few days, but early November should be milder, limiting demand for heating. LSEG data shows that the benchmark Dutch front…
EUROPE GAS-European gas prices rangebound amid softer demand
Gas prices in the Netherlands and Britain traded within a narrow range Tuesday morning as temperatures remained stable and heating demand was lower. The supply of LNG and Liquefied Natural Gas (LNG), as well as that from Norway, remained stable. LSEG data shows that the benchmark…
EUROPE GAS-European gas prices rangebound amid milder outlook
Dutch and British gas price were looking for a direction on Monday, as weather forecasts indicated a milder November start that could help Europe to fill its gas storage. Ukraine, meanwhile, said it would need to import additional gas this winter. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.10 euros…