May 7, 2025
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UKRAINIAN NEWS

Gas prices in Europe have increased rapidly

European gas has risen on the background of increasing demand in Asia and reducing supplies from Norway.

Bloomberg writes about it.

It is noted that basic futures have increased by 4.3%, which has become the largest daily increase in the last month. Gas futures in the Netherlands traded at $ 412 per thousand cubic meters.

Chinese importers have returned to the purchase of liquefied natural gas on a spot market after a long pause, which exacerbated competition for supply between Europe and Asia. An additional factor was the increase in oil prices, to which some gas contracts are attached.

At the same time, the maintenance at the Norway deposits, the largest European supplier, limited pipeline flows. The situation was complicated by unplanned stops and cooling in Europe, which can delay the filling of storage facilities, in particular in the eastern regions.

Gas prices in Europe have lost more than 15% since the beginning of April, which helped to accelerate the accumulation of stocks, but at the same time increased interest in purchases in other regions.

Meanwhile, the EU is preparing a ban on new gas contracts with Russia, which should come into force by the end of the year. This is part of the plan aimed at complete rejection of Russian energy by 2027.

“The European gas market remains difficult for all market participants because of geopolitical tension and vague development of events in European energy supply,” – said UNIPER SE Jutta Dongez.

Recall:

The European Commission intends to propose measures to ban the import of all Russian gas by the end of 2027.

European gas prices have reached a two -year maximum as cold weather has increased demand, accelerating gas selection from regional storage facilities.

”, – WRITE: epravda.com.ua

European gas has risen on the background of increasing demand in Asia and reducing supplies from Norway.

Bloomberg writes about it.

It is noted that basic futures have increased by 4.3%, which has become the largest daily increase in the last month. Gas futures in the Netherlands traded at $ 412 per thousand cubic meters.

Chinese importers have returned to the purchase of liquefied natural gas on a spot market after a long pause, which exacerbated competition for supply between Europe and Asia. An additional factor was the increase in oil prices, to which some gas contracts are attached.

At the same time, the maintenance at the Norway deposits, the largest European supplier, limited pipeline flows. The situation was complicated by unplanned stops and cooling in Europe, which can delay the filling of storage facilities, in particular in the eastern regions.

Gas prices in Europe have lost more than 15% since the beginning of April, which helped to accelerate the accumulation of stocks, but at the same time increased interest in purchases in other regions.

Meanwhile, the EU is preparing a ban on new gas contracts with Russia, which should come into force by the end of the year. This is part of the plan aimed at complete rejection of Russian energy by 2027.

“The European gas market remains difficult for all market participants because of geopolitical tension and vague development of events in European energy supply,” – said UNIPER SE Jutta Dongez.

Recall:

The European Commission intends to propose measures to ban the import of all Russian gas by the end of 2027.

European gas prices have reached a two -year maximum as cold weather has increased demand, accelerating gas selection from regional storage facilities.

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