EUROPE GAS - Prices steady before Trump's China trip, Hormuz Shipping Scrutiny
Dutch and British natural gas prices were largely unchanged on Wednesday morning, as a few shipments had been flagged for passage via the Strait of Hormuz. This was due to the highly anticipated trip of President Donald Trump to China. Intercontinental Exchange data showed that…
EUROPE GAS prices rise by two weeks on fears of prolonged Hormuz shutdown
Dutch and British wholesale gas prices continued to rise on Thursday, as the market anticipates that shipping restrictions through the Strait of?Hormuz will continue to limit LNG supply. Early trading saw the benchmark Dutch front-month contract traded at 48.96 Euros per megawatt hour at TTF hub, its highest level since April 13.
EU is not on track to meet 90% of gas storage requirements before winter
The European Energy Regulators' Agency ACER warned on Thursday that the Iran 'war' will disrupt global fuel markets and cause European Union countries to fall short of their requirement to fill up gas storage to 90% of its capacity by next winter. ACER stated that countries should…
The price of gas in Europe is rising as the uncertainty surrounding the Hormuz Strait fuels volatility
Dutch and British Gas Contracts on Monday Morning rebounded from heavy losses experienced late on Friday amid mixed messages over the?U.S. - Iran?peace?negotiations and whether or not the Strait of Hormuz is open. Data from the Intercontinental Exchange showed that the benchmark Dutch front-month contract was up 2…
As traders monitor progress in US-Iran negotiations, the price of EUROPE GAS is on the rise.
Dutch and British prices on Thursday morning reduced a portion of their previous session's loss, as the market awaited more updates on Middle East peace negotiations and the potential reopening of Strait of Hormuz. Data from the Intercontinental Exchange showed that the benchmark…
Prices of European gas fall as the market seeks clarification about the closure of Hormuz
Dutch and British wholesale gas contracts dropped on Tuesday morning, wiping out all of Monday gains. This was due to the persistent uncertainty over the geopolitical situation regarding the closing of the Strait of Hormuz. Intercontinental Exchange data showed that the benchmark…
Prices of EUROPE GAS rise after US-Iran talks fall short
Dutch and British gas rates?rose? on Monday, after U.S. and Iran talks failed to reach an agreement to end the war, jeopardizing the fragile two-week truce. The U.S. army also announced that it would begin a blocking of all maritime traffic into and out of Iranian ports and coastal regions on Monday.
Gas prices in Europe fall ahead of Iran and US peace negotiations
Dutch and British gas prices dropped on Friday morning, as the market took a more cautious approach in anticipation of the upcoming 'peace talks' between the United States & Iran at the weekend. Israel also appeared to be willing to start peace negotiations with Lebanon. Data…
Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and constraining Europe's ability to refill storages which depleted to their lowest since 2022 over the summer, the European Network of Transmission System Operators for Gas (Entsog) said on Thursday.Th
Prices of EUROPE GAS remain stable as LNG trapped in the Hormuz Strait remains behind.
Dutch and British gas contracts saw small gains Thursday morning as the optimism over a 'quick resumption of LNG shipments through the Strait of Hormuz following the U.S.Iran ceasefire faded. Intercontinental Exchange data showed that the benchmark Dutch front-month contract for…
Sources say that the EU is urging countries to fill up gas storage tanks early in anticipation of the Iran War.
As the Iran War disrupts fuel markets around the world, EU diplomats have urged EU countries to begin filling up gas storage caverns as soon as possible in order to be prepared for winter next year. The diplomats reported that the Commission reiterated in a meeting behind closed doors that the EU gas supply is not at immediate risk…
Prices of EUROPE GAS fall amid tentative market expectations for an end to the Iran war
Dutch and British benchmark gas prices fell early on Wednesday to their lowest level in nearly two weeks, following news of the U.S. initiative to negotiate an end to the war with Iran which has stopped around a fifth?of global oil and natural gas supplies. Intercontinental Exchange…
India orders the strengthening of its natural gas infrastructure amid shortages
India issued an order Tuesday to address obstacles in building and expanding its natural?gas?infrastructure, as it aims to 'diversify' its fuel supply in the face of disruptions on global energy markets due to the U.S./Israeli war against Iran. The conflict has caused disruptions in shipping and gas supply…
Prices of EUROPE GAS continue to fall as the market watches developments in Iran war
Dutch and British wholesale contracts for gas extended losses on Tuesday, following a sharp fall in the previous session. This was after U.S. president Donald Trump announced that he would delay military strikes against Iran, and that an agreement with Iran could be reached "within five or less days".
Prices for gas in Europe fall after Trump delays strikes against Iran power plants
The European benchmark contract for gas fell sharply Monday after U.S. President Donald Trump announced he would delay strikes on Iranian energy infrastructure and power plants, saying that a deal could be reached with Iran "within five days or sooner". Intercontinental Exchange…
EUROPE GAS - European prices are rising due to Middle East energy war fears
Dutch and British Gas Contracts rose on Monday morning and are likely to face another volatile trading session, as the Middle East war risks escalating strikes against energy infrastructure. The reopening of Strait of Hormuz is still a long way off. Data from Intercontinental…
Cyprus targets gas exports in 2028, as the Mid East conflict increases supply tensions
Michael Damianos, the Energy Minister, said that Cyprus could start producing natural gas to?export by?2028. This would 'potentially? strengthen Europe's drive to diversify their energy sources, as the Middle East conflict tightens its focus on supply. The turmoil in the Gulf…
Prices for EUROPE GAS rise due to concerns about LNG supply and oil strength
LONDON, 12th March - British and Dutch gas wholesale prices rose Thursday morning, as reports of tanker attacks raised fears of a prolonged disruption of regional liquefied gas supplies from the region. Meanwhile, higher oil prices added further support. ICE data shows that the…
BP to perform maintenance on Central Azeri Platform in August
BP's regional president for Azerbaijan and Georgia, as well as Turkey, Giovanni Cristofoli, said that the company plans to perform scheduled'maintenance on the Central Azeri -platform in August 2026. He added that the shutdown would only affect the gas infrastructure of the platform, and oil production would continue.
The price of gas in Europe is more volatile due to the growing competition from LNG
Dutch and British wholesale prices of gas have slowed the huge gains they made this week, but remain volatile due to increased competition worldwide among buyers for replacements of lost Qatari LNG cargoes. Data from the Intercontinental Exchange showed that the benchmark 'Dutch…
