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.
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…
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.
China drives global underground gas storage growth, International Gas Union says
In a report published on Monday, the International Gas Union said that China would lead global underground storage expansion by 2025. It will add 6 billion cubic meters (bcm), or working gas volume, to increase its total capacity to 19,8 bcm. The world's underground gas storage capacity has increased by 10 billion cubic meters since 2022.
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…
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…
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…
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…
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…
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.
Kyiv reports that a Russian drone and missile barrage has hit Ukraine's gas installations.
Volodymyr Zelenskiy, the president of Ukraine, said that Russia had launched an overnight attack on Ukraine targeting infrastructure with more than 300 drones. He said that the attack was on targets in central Vinnytsia, Poltava, and the northeastern regions of Sumy, Kharkiv, and Kharkiv.
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.
Spain's gas infrastructure is ready for a faster Russian LNG ban. CEO of the company says
Enagas, the Spanish gas grid operator, is prepared to ban Russian Liquefied Natural Gas by 2027 in case the EU moves up its phase-out date to this date. This was stated by Arturo Gonzalo, CEO of Enagas. The EU is currently negotiating legal proposals that will end Russian gas and oil imports in January 2028.
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)…
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.
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.
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.
Ukraine wants to increase its gas imports by 30% following Russian attacks
Ukraine wants to increase its natural gas imports from Russia by 30% after Russian airstrikes damaged the gas infrastructure in Ukraine, which Ukrainian Energy Minister Svitlana Hynchuk described as significant on Tuesday. In recent weeks, Russia has intensified its attacks against Ukraine's energy industry.
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…
Novak, the Deputy Prime Minister of Russia, says that Russia has gradually increased its oil production.
The Interfax news agency reported that Alexander Novak, Deputy Premier, said on Wednesday that Russia had been steadily increasing its oil production, and was close to meeting last month the output quota set by the OPEC+ oil producing group. The Russian energy sector has suffered…