Thursday, October 9, 2025

EUROPE GAS - Prices edge lower due to strong LNG supply and high wind output

October 9, 2025

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.

The British gas day-ahead price fell 0.70 pence to 82.85 pence a therm.

LSEG analyst Yuriy Onyshkiv stated that "we see a robust LNG arrival schedule in NWE over the next two week with the addition to the list of arrivals to French, Dutch, and Belgian terminals."

LSEG data shows that the total Norwegian export nomina-tions are at 315 millions cubic metres/day.

LSEG data shows that the demand for non-local distribution zones in Northwest Europe (which includes power plants) is expected to be 207 gigawatts/day lower than forecast for today, at 2,337 GWh/d, as wind power output has curbed gas demand.

Elexon data shows that the peak wind output in Britain is expected to be 12.3 GW Thursday and 10.3 GW Friday.

Gas has been flowing into Europe's gas storages.

Analysts at Engie EnergyScan stated that "overall, European gas storage injections rose slightly yesterday and are expected to rise again slightly today."

Gas Infrastructure Europe has released the latest figures showing that Europe's gas storage facilities are currently 84.8% filled.

The benchmark contract on the European carbon markets was down by 0.69 euros at 78.33 euro per metric ton.

(source: Reuters)

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