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.
EU states are negotiating adjustments to gas storage targets for 2026–2027, including potential revisions to the current 90% fill-rate mandate by November 1. According to Reuters, governments seek European Commission’s approval to meet the requirement anytime between October 1 and December 1.
A decrease of the indicator value may contribute to the rise in quotes of NG.
Bloomberg reports shipping liquefied natural gas (LNG) to Europe is getting cheaper due to heightening competition between the region’s terminals to accommodate extra cargoes.
High prices for natural gas may prevent Europe from replenishing its reserves in time to prepare for the next winter, Bloomberg columnist Javier Blas warned.
US gas prices have surged 80% year-over-year, and Reuters analysts warn the administration's proposed import tariffs could drive prices even higher. The US natural gas market will face impacts regardless of when new tariffs take effect.
According to preliminary data from LSEG, the United States exported a record volume of 9.3 million tons of liquefied natural gas (LNG) in March. This figure was achieved with the startup of the first phase of Venture Global's Plaquemines LNG plant in Louisiana
US natural gas producers and investors expect increased activity in Louisiana's Haynesville shale basin. Companies are preparing for a surge in exports after the US administration lifted its moratorium on new LNG export licenses, according to Reuters.
Imports of liquefied natural gas (LNG) to Europe rose to the highest level for this time of year, according to ship tracking data compiled by Bloomberg. The rise in supplies was bolstered by weaker demand in competing Asia. This kind of market dynamic has weakened prices.
This year's unusually cold weather and dwindling Russian flows have drained European gas inventories faster than expected. Now, summer prices exceed winter contracts, wiping out the financial incentive to replenish storage, Bloomberg reports.
A decrease of the indicator value may contribute to the fall 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.
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