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.
According to Chinese customs data, US liquefied natural gas (LNG) exports to China dropped to zero in March 2025, as Beijing slashed its purchases in response to steep 125% tariffs on American goods.
Chinese customs data released on Sunday showed a sharp decline in imports of liquefied natural gas (LNG) and wheat from the United States, with purchases falling to zero in March. Last year, the US accounted for 5% of China's fuel deliveries and 17% of its maize supplies.
On May 6, the EU will unveil a strategy to phase out purchases of Russian fossil fuels. António Costa, President of the European Council, believes the initiative will send a strong political message to businesses.
A decrease of the indicator value may contribute to the fall in quotes of NG.
By the beginning of the second half of April, the EU's underground gas storage facilities (UGS) were only 36% full, 42% below last year's level. At the same time, the volume of gas withdrawals remains almost twice as high as in 2024, despite the heating season ending on March 28.
Baker Hughes released its report on the number of oil and gas rigs in the US one day earlier due to the Good Friday holiday. The count rose by two over the past week, reaching a total of 585 units. While marking the first increase in four weeks, the rise remained below last year's levels.
The European Commission (EC) has abandoned a proposal to ban Russian LNG imports, which had been under review as part of new restrictive measures. The decision came after talks with several EU member states that expressed worries over the lack of alternative energy sources, Reuters reports.
Asian countries seek to purchase more energy from the US in an attempt to reduce their trade surplus with Washington and ease the impact of Donald Trump’s duties.
According to Russia's energy strategy, the country's target for oil production is set at 540 million tons for the end of this decade and for mid-century. This suggests producing about 10.84 million barrels per day. Such a value is only slightly higher than the figures of 2023.
US natural gas prices lost about 6% and fell to a nine-week low amid record production over the past weekend and forecasts of weaker demand next week. Accordion to LSEG, the Lower 48 states produced 106.3 billion cubic feet of gas per day this month.
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