German gas storage is at 75%, but operators are keeping an eye on the winter supply
The German gas storage capacity has been filled to the minimum level required by the European Union for November 1 but INES, a national operator's group, says that it will continue to closely monitor supply security because there are still risks.
In the latest auction, Germany's SEFE was unable to allocate space for gas storage at Rehden.
The German gas company SEFE announced on Tuesday that it was unable to allocate any of its offered natural gas storage spaces at its northern German Rehden facilities for the 2025/2026 period during its latest auction. SEFE offered 3 terawatt-hours (TWh)…
Italian Minister says gas storage levels are excellent in Italy and Europe
Gilberto Pichetto Fratin, the Italian Energy Minister, said that the gas storage levels in Europe were "good". He added that his country was near the 90% target set out by the European Union. Pichetto, speaking at the TEHA forum in Cernobbio, said: "In Italy, we are not worried about gas storage.
The price of gas in Europe is stuck in a sideways trend due to the lack of a new impetus.
The Dutch and British gas price were not much different on Friday morning. They continued to trade within a narrow range, despite the lack of any news that could affect the market. There was also no change in the overall supply and demand balance.
Highest Ever US LNG Exports Recorded in August
U.S. exports of liquefied natural gas (LNG) reached an all-time high in August as plants exited planned maintenance programs and Venture Global's Plaquemines facility continued to increase output, preliminary data from financial firm LSEG show.August exports totaled 9.33 million metric tons…
US LNG exports record highest ever in August
LSEG's preliminary data shows that U.S. LNG exports reached a record high in August, as plants completed planned maintenance and Venture Global’s Plaquemines plant continued to increase production. According to LSEG, August exports totaled 9,33 million metric tonnes…
EUROPE GAS-Prices Firm on Technical Support, Lower Wind
Dutch and British wholesale prices of gas rose on Monday morning due to technical trading and lower renewable energy output. LSEG data revealed that the benchmark Dutch front-month contracts - now for October – at the TTF hub were up 0.34 Euros…
Schedule for US Energy Data in the week of August 31
Labor Day, which falls on September 1, will impact the schedule for the release of major energy data during the week ending August 31. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. API's…
Prices for gas in Europe are mixed, with Norway maintenance and revised wind power output being the main differences.
The Dutch and British wholesale prices of gas were mixed on Tuesday. Lower demand forecasts weighed on the market, while the beginning of a longer period for maintenance at Norwegian gas fields was expected to support the market. LSEG data shows…
The Dutch prices of gas are falling, but the storage subsidy remains.
Dutch wholesale gas prices eased Monday morning, a slight correction following last week's gains. However, the need to replenish storage before winter continues to support them. LSEG data shows that the benchmark Dutch front-month contract was lower…
EUROPE GAS-Prices maintain firmer levels as market eyes Norway supply
The Dutch and British wholesale prices of gas on Friday morning remained at levels similar to those reached the previous session. This is due to the upcoming heavy maintenance work in Norway, and the need for gas storage before winter. LSEG data…
EUROPE GAS-Prices rise after fresh Ukraine infrastructure attacks
After initially trading in a sideways direction, Dutch and British wholesale prices of gas rose on Thursday after Russia attacked the key storage infrastructure of gas in Ukraine. This comes at a time when there is growing concern about the rapid filling of European gas storages.
Norway provides $100 million for the purchase of natural gas by Ukraine
The Norwegian government announced on Friday that it would donate 1 billion crowns (98.29 millions dollars) to Ukraine in order to purchase natural gas before winter. After Russian missiles damaged the production facilities to the east of Ukraine, Ukraine was forced to increase its gas imports.
Prices for gas in Europe are lower due to a reduced demand and stockbuild
The wholesale gas prices in both the Netherlands and Britain fell on Thursday morning, amid a stable supply and low power demand. Gas storage was also continuing. LSEG data shows that the benchmark Dutch front-month contract was 32.97 euros per Megawatt Hour (MWh), or $11.35/mmBtu at 0841 GMT.
Operator says Ukraine gas interconnector is still operational after Russian attack
The Ukrainian gas transmission operator reported that the interconnector Orlovka in southern Ukraine, which was attacked on Wednesday by Russian drones, continued to supply gas on Thursday. On Wednesday, Ukrainian officials claimed that Russia had…
French spot prices rise as solar supplies drop
The price of French baseload day-ahead power rose on Thursday. This was due to forecasts that solar generation would decline, which outweighed the effect of lower demand and increased wind and thermal supply in the region. By 8:10 GMT, the French…
Germany's SEFE allocates three TWh of the auction volume to Rehden Gas Storage
SEFE, a German gas company, announced on Wednesday that it has allocated the full volume of working gas it offered in an auction to its Rehden facility located in northern Germany. SEFE Storage announced in a press release that it has allocated storage capacity of 3 TWh in underground storage Rehden…
Russia Strikes Ukrainian Gas Interconnector
Russia has struck a gas pumping station in Ukraine's southern Odesa region used in a scheme to import LNG from the U.S. and Azerbaijan, undermining preparations for winter, Ukrainian officials said on Wednesday.President Volodymyr Zelenskiy said…
Prices for gas in Europe remain stable as global demand and outages support prices
Dutch and British wholesale prices for gas were mostly flat on Friday morning. Outages and worries about a tighter market globally supported the price, but this was partly offset by an increase in wind power production that will reduce demand for gas powered power next week.
US investors target strategic Bulgarian gas storage
Five people with knowledge of the matter report that two American financiers with the support of a former campaign manager for U.S. president Donald Trump approached Bulgarian authorities about a potential investment in a government-owned underground…