Prices for EUROPE GAS remain stable as the storage needs continue to support them
Dutch and British wholesale prices for gas were slightly higher on Monday morning, but are expected to be more volatile this week due to the milder weather being offset by the necessity to replenish storages as peace in Ukraine is still elusive. LSEG data shows that the Dutch…
Prices for EUROPE GAS remain stable despite the latest Sudzha gas stations attack
The Dutch and British wholesale prices of gas were mostly unchanged on Friday, as the recent attacks on a Russian supply point were offset by an improved outlook for supply-demand as winter comes to an end. LSEG data shows that the Dutch front-month contract rose 0.17 euro to 41.17 euros per Megawatt Hour (MWh)…
EUROPE GAS - Prices stable but weather and low storage could support.
The Dutch and British wholesale prices of gas were mostly stable on Friday morning, despite the mild weather. However, a forecast for a cooler climate next week as well as the need to replenish storages in the coming months will continue to support the price. LSEG data shows that…
Prices of gas in Europe drop ahead of Trump-Putin call
Dutch and British wholesale prices for gas eased Tuesday morning, as the market awaited news of a possible peace agreement between Russia and Ukraine. However, low storage levels are still a concern while weather forecasts remain mixed. LSEG data shows that the Dutch front-month…
TotalEnergies is facing a French manslaughter investigation over an attack in Mozambique
TotalEnergies said that French prosecutors opened an investigation against it over a potential manslaughter, and for failing to help people in danger in a Mozambique jihadist attack. The energy company reiterated its denial of any wrongdoing. In March 2021, islamist insurgents attacked Palma…
Prices rise in Europe as the colder weather increases gas demand
Dutch and British wholesale prices for gas rose on Thursday, as the colder weather drove up demand for gas to heat homes. Meanwhile, the market was closely monitoring developments regarding a possible ceasefire agreement between Ukraine and Russia. LSEG data shows that the benchmark…
Vopak will invest an additional 1 billion Euros in industrial and gas terminals before 2030
Vopak, the Dutch tank storage company, doubled its investment goal for expanding its industrial and gas footprint. The company has committed another 1 billion euro ($1.1 billion) to it until 2030. Vopak, a company that provides storage and handling to end markets in the energy and manufacturing industries…
Prices of gas in Europe rise due to forecasted lower temperatures
Dutch and British wholesale prices of gas rose on Monday, recovering from the lows reached late last week. This was due to forecasts for lower temperatures, and Russian forces intensifying their attacks against Ukraine. LSEG data shows that the benchmark front-month contract for…
The price of gas in Europe has recovered from a new 5-month low
The European wholesale gas price at the TTF hub has rebounded after dropping to its lowest level in 5 months early in trade, amid protests against gas infrastructure in Ukraine. LSEG data shows that the benchmark front-month contract for the Dutch TTF Hub rose to 39.94 Euros per megawatt hour or MWh, or $12.71/mmBtu at 09:39 GMT.
Naftogaz, Ukraine's gas producer, says that the Russian attack has damaged its production facilities.
Ukraine's Energy Minister said that Russian forces had targeted Ukraine's gas and energy infrastructure with their latest drones and missile attacks, which took place on Friday. Rescuers and engineers work to minimize the effects. "All necessary measures are taken to stabilise the power and gas supply," he said.
Irish Government approves floating LNG emergency facility
On Tuesday, the Irish government announced that it had approved the development of an emergency temporary facility for importing liquefied gas (LNG) and storing it. Ireland is one out of five EU members without domestic storage. The government says this is a problem in the event that one or both subsea interconnectors are damaged.
EUROPE GAS prices extend gains amid LNG worries and colder weather
The European and British wholesale prices of gas extended their gains from the day before, due to colder weather forecasts. They also increased in order to maintain competitive pricing for LNG deliveries with Asia. LSEG data show that the March contract for the Dutch TTF hub rose 0.80 euros…
Shell anticipates a 60% increase in global LNG demand between 2040 and 2040, with Asia leading the growth.
Shell's annual report said that the global demand for liquefied gas will increase by 60% by 2040. This is mainly due to economic growth in Asia and AI, as well as efforts to reduce emissions in heavy industry and transportation. As the world moves to cleaner fuels, demand for natural gas is increasing.
Shell anticipates a 60% increase in global LNG demand between 2040 and 2040
Shell's annual report said that the global demand for liquefied gas will increase by 60% by 2040. This is mainly due to economic growth in Asia and AI, as well as efforts to reduce emissions in heavy industry and transportation. As the world moves to cleaner fuels, demand for natural gas is increasing.
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.
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.
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…
