The Dutch government is confident that the country will reach its gas storage targets before the upcoming heating season, aiming to ease market concerns on the matter. According to the Ministry of Climate Policy and Green Growth, current fuel reserve volumes meet the EU threshold levels for July.
An increase of the indicator value may contribute to the fall in quotes of NG.
On Wednesday, the US Interior Department announced the discovery of significant unexplored oil and gas reserves in Wyoming, Utah, and Colorado. The discovery is of particular relevance given Trump's intention to strengthen the country's status as one of the leading energy powers.
China’s demand for natural gas is projected to peak at 620 billion cubic meters between 2035 and 2040. Ma Yongsheng, chairman of China’s state-owned Sinopec Corp., shared these expectations at the World Gas Conference.
Goldman Sachs believes Europe can secure enough liquified natural gas to replenish its inventories at current prices. However, the region will face supply competition in case of a further drop in prices.
According to UBS, US gas exports are expected to surge over the next 18 months, resulting in higher gas prices by the end of 2026.
On Monday, the US Department of Energy announced that it would begin reviewing applications for permits to export LNG to countries without free trade agreements with the United States. In 2024, the administration of former President Joe Biden put the process on hold because of climate concerns.
Woodside Energy forecasts the world’s gas demand to rise 50% by 2030. The company’s CEO Meg O'Neill said at the World Gas Conference that countries are seeking to reach net zero, and gas is an integral part of this process due to its reliability and affordability.
Eli Rubin, an analyst at EBW Analytics Group, warns that weekly injections may exceed 100 billion cubic feet until early June. Besides, the analyst says that near-term cooling degree days in the United States are ticking lower.
Turkey made a significant new natural gas discovery while exploring the Black Sea. The field's estimated reserves are 75 billion cubic meters, as announced on Saturday by President Recep Tayyip Erdogan.
An increase of the indicator value may contribute to the rise in quotes of NG.
Natural gas is not just a fuel for cooking and heating. It is also a key element on the global economic stage. This page provides information on the latest market events and trends, allowing you to assess their impact on natural gas prices.
Natural gas market news is more than just information for experts. The news are important signals about the future of the energy sector and economy. Understanding these trends helps us to be both informed consumers and prudent investors.
