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, LSEG Data showed. Gas prices in the UK for the day ahead fell by 0.95 pence, to 76.35 cents per therm.
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. It traded earlier at 30,82 euros/MWh - its lowest intraday price since October 1. LSEG data shows that the Dutch day-ahead contracts dropped 0.13 euros to 30.45 euro/MWh.
Gas prices in Britain are down due to warmer temperatures and more wind
The British wholesale gas price dropped on Thursday, as the warmer temperatures and increased wind power are expected to arrive on Friday. Meanwhile, the Dutch equivalent fell. LSEG data show that the British gas front-month price fell 5% or 3.95 pence to 74.50 p/per therm by 0852 GMT. LSEG data shows that power demand in Britain will fall by 3.6 gigawatts on Friday, as temperatures are expected to increase 4 degrees Celsius in Britain to 13.2 degrees Celsius.
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 31,73 euros per megawatt (MWh) at $10.80/mmBtu at 0924 GMT. The Dutch December contract increased by 0.29 Euros to 31.99 Euros/MWh. The British gas front-month price increased by 0.59 pence to 80.22 p/per thermo.
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. The price briefly fell to 31.14 euro/MWh, the lowest since October 3. The Dutch day-ahead contracts was up by 0.40 euro at 31.35 Euro/MWh.
The price of gas in Europe has fallen as the milder weather reduces demand
Dutch and British wholesale prices of gas fell on Monday as a result of a weaker heating and electricity demand, despite stable supply. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.31 euros at 31.59 Euro per megawatt hour or $10.77/mmBtu at 0912 GMT. The Dutch December contract is down by 0.24 euros at 31.99 Euro/MWh. The British gas day-ahead price fell by 1.2 pence to 77.50 pence per therm.
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 contract was 32 euros per megawatt (MWh) or $10.89/mmBtu at 1018 GMT. This is a decrease of 0.40 euros. The Dutch day-ahead contracts was down by 0.10 euros to 32.20 Euros/MWh.
Energean, a UK-based company, signs a 15-year contract for the transmission of Israeli gas
Energean, a British gas producer, announced on Friday that it had signed 15-year contracts for the planned Nitzana gas pipeline from Israel to Egypt. The agreement was part of a $4 billion contract with Israel. Energean reported that the deal with Israel Natural Gas Lines, a state-owned pipeline operator, covers a transmission of up 1 billion cubic meters of natural gas each year. There are options to extend and terminate early.
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 front-month contract was 32.68 euros per Megawatt Hour (MWh) or $11.11/mmBtu at 0950 GMT. This is an increase of 0.47 euros. The Dutch day-ahead contracts was up by 1.00 euro at 32.75 Euro/MWh.
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-month contract was 32.10 euros per Megawatt Hour (MWh) or $10.91/mmBtu at 0823 GMT. This is a decrease of 0.13 euros. The Dutch day-ahead contracts was down 0.25 euro at 32.13 Euro/MWh.
US Natural Gas Hits High Amidst Cooler Outlook
U.S. natural gas futures hit a two-week high on Tuesday, underpinned by sharply colder 1–2 week forecasts that are lifting heating demand expectations, a month-to-date dip in output and strong LNG feedgas demand.Front-month gas futures for November delivery on the New York Mercantile Exchange rose 4.7 cents, or 1.4%, to $3.44 per million British thermal units (mmBtu) as of 10:09 a.m. ET, its highest level…
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 Dutch front-month contract was up 0.10 euros at 31.65 Euro per Megawatt Hour (MWh), which is $10.78/mmBtu at 0934 GMT. The Dutch day-ahead contracts was up by 0.23 euros at 31.71 Euro/MWh.
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, or 10.87 cents per megawatt hour at TTF hub, at 0821 GMT. The Dutch day-ahead contracts was up by 0.08 euros at 31.80 Euro/MWh.
Gas prices in Europe are falling as wind energy output increases
The Dutch and British wholesale prices of gas fell early on Friday due to the strong output from wind turbines, which reduced demand and stable supply. LSEG data shows that the benchmark Dutch front-month contract was 32.05 euros per Megawatt Hour (MWh), or $10.99/mmBtu at 0825 GMT. This is a decrease of 0.33 Euro. The Dutch day-ahead contracts was down by 0.16 euros at 32.37 Euro/MWh. The British gas day-ahead price fell by 0.81 pence to 80.50 p/per thermo.
EUROPE GAS-European gas prices stable as supply of LNG offsets increased demand
The Dutch and British gas contract prices were not much different on Tuesday morning, after having fallen for four days in a row. This was due to a combination of an increase in demand during the less windy weather and cooler temperatures this week and a slight rise in imports. LSEG data shows that the benchmark Dutch front-month contract was up 0.06 euro at 31.41 Euro per megawatt hour at TTF hub, or $10.63/mmBtu by 8:26 GMT. The Dutch day-ahead contracts was up by 0.15 euros to 31.80 Euros/MWh.
EUROPE GAS - European prices are down on a milder outlook, but winter risks still remain
Dutch and British gas opened lower on Monday morning. The current cold snap is expected to last only a short time, but winter risks remain due to the reduced storage year-over-year and the reliance on LNG imports. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.20 euros at 31.72 Euro per Megawatt Hour (MWh), which is $10.79/mmBtu at 0804 GMT. The Dutch day-ahead contracts was down by 0.65 euros at 31.98 Euro/MWh.
Prices of EUROPE Gas are down due to strong LNG supply and rising demand
The Dutch and British wholesale prices of gas fell on Friday morning, as a strong supply of liquefied gas offset an increase in heating demand. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.44 euros at 31.95 Euro per megawatt hour or $10.84/mmBtu at 0915 GMT. The Dutch day-ahead contracts was down by 0.67 euros at 32.13 Euro/MWh. The British gas day-ahead price fell by 0.40 pence to 82.10 pence a therm.
EUROPE GAS - Prices edge lower due to strong LNG supply and high wind output
Dutch and British wholesale prices of gas fell on Thursday morning due to a strong supply, with several liquefied gas cargoes headed for Europe. Also, the strong wind output lowered gas demand at gas power plants. LSEG data shows that the benchmark Dutch front-month contract was 32.22 euros per Megawatt Hour (MWh), or $10.96/mmBtu at 0810 GMT. This is a decrease of 0.78 Euro. The Dutch day-ahead contracts was down by 0.38 euros at 32.15 Euro/MWh.
EUROPE GAS-European Gas Prices ease after Recent Gains
The British and Dutch gas price fell on Wednesday morning, after having risen more than 5% from the beginning of the week. This was due to the colder weather conditions and the attacks on Ukraine's gas infrastructure. Also, storage filling had slowed. LSEG data shows that the benchmark Dutch front-month contract was 32.94 euros per Megawatt Hour (MWh) or $11.21/mmBtu at 0918 GMT. This is a decrease of 0.48 Euro. The Dutch day-ahead contracts was down by 0.40 euros at 33.23 Euro/MWh.
The price of gas in Europe is rising amid a strong supply
The Dutch and British gas price continued to rise Tuesday morning in response to the strikes on Ukrainian gas pipelines, but gains were limited due to a healthy supply. LSEG data shows that the benchmark Dutch front-month contract was up 0.12 Euros at 33.29 Euros per megawatt hour at TTF hub, or $11.37/mmBtu by 0959 GMT. The Dutch November contract increased by 0.14 Euros to 33.47 euros/MWh. The British day-ahead contracts rose 0.85 pence, to 85.85 cents per therm.