EUROPE GAS-European Gas Prices Rise Back to 2023 High as US-Iran Conflict Enters Second Week
LONDON, 9 March - Benchmark European Wholesale Gas rose again on Monday to its highest level for more than three years, tracking a surge of?oil as the US-Iran Conflict entered its second weeks and shipping?around?the Strait of?Hormuz remained near a standstill. Iran named?Mojtaba?Khamenei as the successor to his father, who was killed in a car accident. This shows that the hardliners are still in control and appears to be closing off any way to an end to the Middle East war.
Iran War threatens to hit global energy markets for a long time
Even if the U.S. and Israel's war against Iran ends soon, consumers and businesses around the world could face weeks or even months of higher fuel costs as suppliers deal with damaged facilities and logistics and increased shipping risks. This outlook is a threat to the global economy and to President Donald Trump's political position as he heads into midterm elections. Voters are concerned about energy costs and do not like foreign involvement.
The Iran War threatens to have a long-lasting impact on global energy markets
Even if the conflict with Iran ends soon, consumers and businesses could face weeks or even months of higher fuel prices. This is because suppliers are dealing with damaged facilities, disrupted logistic, and increased risks in shipping. This outlook is a greater threat to global economic stability and a political vulnerability to U.S. president Donald Trump as we approach the midterms. Voters are sensitive to energy costs and do not like foreign involvement.
Novak, quoted by the media as saying that Russia is considering redirecting LNG from Europe to Asia-Pacific
Interfax and Izvestia reported that Russia's Deputy Premier Alexander Novak stated on Friday he had discussed the?possibility? of redirecting Russian LNG supplies from Europe to alternative markets. This week, Russian President Vladimir Putin said that Russia can halt gas supply to Europe immediately due to the spike in energy costs triggered by the Iran Crisis. He was preempting EU plans for stopping 'Russian LNG imports until end-2026 and pipeline gas before September 30…
The price of gas in Europe is rising as Putin suggests a reduction in supply
LONDON, 5th March - Benchmark Dutch & British wholesale gas prices recovered on Thursday morning following a decline in the previous session. President Vladimir Putin had warned that Russia could stop its'remaining' gas flows into Europe. This added to fears about supply, especially after Qatar announced a force majeure on LNG shipments. The Dutch front-month contract at the TTF hub – the benchmark price for?Europe – rose by 2% at 0928 GMT to 49.0 Euros per Megawatt Hour…
Prices for gas in Europe are mixed as traders take into account geopolitical risks, weather and outages in Norway
The European benchmark wholesale gas price was mixed on Friday. Prices in Britain were higher due to outages in Norway, while Dutch prices were lower because of mild weather. This slightly offset concerns about a possible escalation? in the Middle East. LSEG data revealed that the Dutch March contract?at the TTF hub?was down 0.57 euros at 31,35 euros per Megawatt Hour (MWh), which is $10.85/mmBtu by 0904 GMT. The contract for April dropped by 0.62 euro to 31.35 Euro/MWh.
Norway oil investment set to decline by 2026, according to a survey
A 'quarterly survey' of the oil and gas industry revealed on Thursday that Norwegian investments in the sector are likely to?decline this year and next, as fewer new projects are being undertaken and more field?developments have been completed. Norway is the world's second largest oil producer and supplies about 30% of Europe’s gas after it became its biggest pipeline gas supplier in 2022, following Russia's invasion.
Germany's Uniper stresses diversification and downplays the increasing reliance on US Liquefied Natural Gas
DOHA, February 4 - A top executive of German utility Uniper played down European concerns about increasing reliance on liquefied gas (LNG), which is imported from the United States. He said that companies sign contracts with 'firms, not governments', and stressed the importance of diversification. The transactional diplomacy of U.S. president Donald Trump and his pursuit to "energy dominate" have heightened European concerns over their heavy dependence on U.S. LNG.
Germany's gas production in numbers
Katherina Reiche, Germany's Economy minister is in Saudi Arabia seeking closer ties with the country on energy. Berlin is looking to diversify this sector as its dependence on U.S. Liquefied Natural Gas grows. Why is?GAS Supply a Problem in Germany? Germany was dependent on Russia to supply most of its natural gas for decades. This provided Europe's largest economy with a relatively cheap source, which was a major advantage for industry.
In January, the US accounted for 60% of Europe's LNG imports.
Data?showed that the United States provided 60% of Europe's liquefied gas in this month. This confirms its position as Europe's leading LNG?supplier, as European officials are becoming wary of their?growing dependence?on U.S. Energy. Kpler, a data analytics company, shared that the 60% share represented an increase compared to both January 2025 and last month, when U.S. imports accounted for 53% of EU exports.
Slovakia files lawsuit against EU ban on Russian Gas Imports
Robert Fico, Slovakia's Prime Minister, said that the country will challenge the European Union?decision taken by a qualified majority to ban Russian gas imports. Slovakia and Hungary were both against the ban on Russian gas imports. The EU wanted to ensure that the ban would be supported by a majority of countries. This allowed it to overcome the opposition of both countries who are heavily dependent on Russian gas and oil, and want to maintain strong ties with Moscow.
EU countries approve the final Russian gas ban
The European Union gave its final approval on Monday to the bloc's plan that would ban Russian gas imports until?late 2027. This will allow it to become law. This policy gives legal force to the EU's promise to cut off ties with Russia, its former largest gas supplier. It comes nearly four years after Russia invaded Ukraine in full scale 2022. At a meeting held in Brussels on Monday, ministers from the?EU approved the bill. Slovakia and Hungary however voted against it.
Asia Spot LNG Prices Rise with South Korean Demand
Asian spot liquefied natural gas prices edged up this week as forecasts for colder weather boosted demand in South Korea, but overall weak buying in China left prices down 34% since the start of 2025.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.60 per million British thermal units (mmBtu), up from $9.50 last week, the lowest since April 2024…
EUROPE GAS - European prices drop on less cold weather forecast
The Dutch and British gas contract fell on Tuesday, as some weather forecasts indicated a potential?quicker ending to a winter cold spell? and that the supply remains stable. LSEG data shows that the benchmark Dutch front-month contracts at?the TTF hub were down 0.41 euros at 27.36 Euro per megawatt hour or $9.47/mmBtu by 1005 GMT. The Dutch day-ahead contracts was down by 0.38 euros at 27.27 Euro/MWh.
EUROPE GAS-European Gas Prices Rise on Colder Weather Demand
Dutch and British gas rates posted modest gains on Thursday, but it is expected that they will remain flat as the 'increased demand due to colder weather' can be easily met through pipelines and liquefied natural gas deliveries. LSEG data shows that the benchmark Dutch front-month contract was 27.57 euros per Megawatt Hour (MWh) or $9.48/mmBtu at 0907 GMT. This is an increase of 0.19 euros. The Dutch day-ahead contracts was up by 0.41 euros to 27.36 Euro/MWh.
EUROPE GAS-European gas prices rise due to a colder and less windy climate, LNG shortage
Gas prices in the Netherlands and Britain rose on Wednesday, supported by an improved weather forecast and an interruption at the Freeport Liquefied Natural Gas?plant. Storages are still 'below previous years' levels. LSEG data shows that the benchmark Dutch front-month contract was 27.50 euros per Megawatt Hour (MWh) or $9.44/mmBtu at 0941 GMT. This is an increase of 0.60 Euro. The February contract increased by 0.45 euros to 27.19 Euro/MWh.
Hungarian energy company MVM is ready to phase out Russian Gas if necessary
Hungary's MVM state-owned group can still supply gas to the country even if Russian imports are stopped, but prices will probably rise, according to its chief executive. As part of a move to reduce the EU's energy dependence on Moscow over decades, the European Union decided on Wednesday to stop importing Russian gas by 2027. Short-term pipeline gas contracts will be affected as early as June 2026.
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.
DET assigns Brunsbuettel regasification slot for LNG in 2026
Deutsche Energy Terminal announced on Tuesday that it had auctioned all of the regasification slots offered for the Brunsbuettel LNG terminal for the period January 2, 2019 to May 26, 2019. Since 2022, Europe's imports of Russian pipeline gas have dropped sharply. The European Union has also decided to stop relying on Russian fossil fuels in 2027. For seaborne LNG, where the gas is fed to onshore pipeline networks after regasification.
How much will the price of ROI-LNG drop by 2026? Russell
The market for liquefied gas is bracing itself for an increase in supply, mostly from the top exporter, the United States. However, it is not clear how low the spot price will need to fall to clear these additional volumes. According to commodity analysts Kpler, the global supply of super-chilled gasoline is forecast to reach 475 million metric tonnes in 2026. This represents a 10.2% increase over the 431 millions tons predicted for 2025.