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.
Analysts at BMI announced on Thursday, May 1, that they have revised their annual average Henry Hub price forecast for 2025, lowering it by 5.9% to $3.2 per million British thermal units (MMBtu). This is down from their previous estimate of $3.4 per MMBtu made in February.
On Tuesday, new targets for gas storage refilling, allowing for its smaller volumes, will come into effect in Germany. By changing the requirements, the country's authorities aim to ease price pressure in the European gas market.
European natgas went down in price as energy demand forecasts were pressured by supply predictions.
According to Bloomberg, Chinese companies are again purchasing liquefied natural gas (LNG) cargoes to supplement long-term contracts. Last week, firms acquired at least two shipments at $10 per million British thermal units.
France is leading the eurozone in refilling gas storage facilities, having pumped more natural gas than any other European Union member last month. According to Gas Infrastructure Europe, the volume of pumping was double Germany’s one and 70% higher than Italy’s.
A decrease of the indicator value may contribute to the fall in quotes of NG.
A decrease of the indicator value may contribute to the rise in quotes of NG, WTI, Brent.
An increase of the indicator value may contribute to the fall in quotes of NG.
This week, representatives of INES stated that planned changes to the requirements for natural gas reserves could have a negative impact. According to them, the revision of these EU rules will put pressure on some operators, and lead to supply cuts.
According to industry sources cited by Reuters, Abu Dhabi National Oil Company (ADNOC) will start substituting some part of its liquefied petroleum gas cargoes to India with cheaper US supplies from early summer.
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.
