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.
The global liquefied natural gas (LNG) market is at an inflection point after years of tight supply and slow demand growth. Bernstein predicts that 2025 will be the start of the turnaround, thanks to increased production capacity and a rebound in consumption.
Earlier this year, European gas prices rose to a two-year high. The surge was driven by strong demand for heating over the winter period. However, gas consumption for power generation tends to fall sharply in the region after the end of March each year, Reuters noted.
A decrease of the indicator value may contribute to the fall in quotes of NG.
An increase of the indicator value may contribute to the fall in quotes of NG, WTI, Brent.
On Thursday, natural gas prices in the US collapsed by about 6% to a two-week low of $3.921 per million British thermal units due to an increase in storage inventories. Additional pressure on prices came from weather forecasts and corresponding expectations of weaker fuel demand next week.
Shell Plc plans to launch natural gas production at the Dragon field in Venezuela, with the aim of exporting the resource to Trinidad and Tobago. The project will start in 2026, a year earlier than originally planned.
An increase of the indicator value may contribute to the fall in quotes of NG.
Gas reserves in Europe's underground storage facilities (UGS) have fallen to their lowest level since 2021, down 34%. Gas Infrastructure Europe (GIE) informs that the amount of fuel in the reserves has dropped below 38 billion cubic meters. This indicates a high pace of consumption.
US President Donald Trump's administration has permitted Venture Global LNG to export natural gas from its CP2 project. According to the country's Energy Secretary Chris Wright, the decision is aimed at restoring the United States' international energy dominance.
Australia has revised its forecast for a fuel shortage in the southern states. This was announced by the country's energy market operator in its report. The industry feared that the most densely populated regions would face fuel shortages this winter, but the deadline has been delayed to 2028.
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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