Commodities and Futures News

European natural gas prices surge amid supply concerns

2025.01.23 05:41

European natural gas prices surge amid supply concerns

Investing.com — European prices have seen an increase of over 3%, with the Dutch TTF contract, a benchmark in the industry, trading at 50.30 euros per megawatt-hour.

The rise in prices is primarily due to a disruption at the Freeport LNG facility in the U.S. and the announcement that Germany may provide subsidies for storage refills during the summer. This move by Germany aims to ensure the country meets its target storage levels.

In the European Union, gas storage levels have dipped below 60%, which has led to an increased demand for LNG. The prices for gas in Europe during the summer period are higher than those projected for the upcoming winter.

This price dynamic poses a threat to the refilling of storage sites and raises the risk of potential shortages across the continent.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 94,002.19 1.53%
ethereum
Ethereum (ETH) $ 2,649.92 4.74%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.42 4.17%
bnb
BNB (BNB) $ 633.48 2.35%
solana
Solana (SOL) $ 152.15 8.81%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.224654 6.78%
cardano
Cardano (ADA) $ 0.715973 6.18%
staked-ether
Lido Staked Ether (STETH) $ 2,646.42 4.67%
tron
TRON (TRX) $ 0.245224 0.81%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 93,933.17 1.59%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,165.47 5.59%
chainlink
Chainlink (LINK) $ 16.15 7.63%
stellar
Stellar (XLM) $ 0.314115 3.91%
avalanche-2
Avalanche (AVAX) $ 23.03 6.40%
sui
Sui (SUI) $ 3.03 8.04%
litecoin
Litecoin (LTC) $ 121.68 4.39%
hedera-hashgraph
Hedera (HBAR) $ 0.212273 1.94%
the-open-network
Toncoin (TON) $ 3.56 4.87%
leo-token
LEO Token (LEO) $ 9.53 2.19%
usds
USDS (USDS) $ 0.996017 0.41%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 6.60%
mantra-dao
MANTRA (OM) $ 8.14 3.05%
weth
WETH (WETH) $ 2,650.76 4.74%
polkadot
Polkadot (DOT) $ 4.65 6.17%
hyperliquid
Hyperliquid (HYPE) $ 20.94 10.86%
bitcoin-cash
Bitcoin Cash (BCH) $ 305.74 5.63%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
bitget-token
Bitget Token (BGB) $ 4.74 4.04%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,809.05 4.83%
uniswap
Uniswap (UNI) $ 8.31 7.17%
monero
Monero (XMR) $ 232.57 0.38%
whitebit
WhiteBIT Coin (WBT) $ 27.40 0.17%
near
NEAR Protocol (NEAR) $ 3.27 2.68%
pepe
Pepe (PEPE) $ 0.000009 6.03%
bittensor
Bittensor (TAO) $ 428.81 2.47%
dai
Dai (DAI) $ 0.999771 0.01%
aave
Aave (AAVE) $ 229.27 6.20%
aptos
Aptos (APT) $ 5.69 6.43%
ondo-finance
Ondo (ONDO) $ 1.04 6.67%
internet-computer
Internet Computer (ICP) $ 6.68 4.48%
susds
sUSDS (SUSDS) $ 1.04 0.07%
tokenize-xchange
Tokenize Xchange (TKX) $ 37.44 1.29%
official-trump
Official Trump (TRUMP) $ 14.85 6.58%
ethereum-classic
Ethereum Classic (ETC) $ 19.45 5.16%
mantle
Mantle (MNT) $ 0.840523 7.80%
okb
OKB (OKB) $ 46.51 4.48%
gatechain-token
Gate (GT) $ 22.17 4.51%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 93,913.16 1.64%