23 April | Gas

European natgas prices go down amid active storage refilling

European natgas prices go down amid active storage refilling

Natural gas prices in Europe are on the decline, plunging to as low as €35 per megawatt-hour. According to trading data on Tuesday, energy prices fell by 4% after the holiday weekend. As Zenergi analysts believe, liquefied natural gas (LNG) supplies and warming weather, both exceeding seasonal norms, are contributing to market stabilization.

Against this background, European gas storage reserves are getting replenished after the winter heating season. The market has moved into a slight contango, with future supply prices exceeding those for immediate supplies. This creates an economical basis for restocking, according to Zenergi. Nevertheless, traders are in no hurry to buy, expecting a more sizable gap between prices of current and future supplies, which would make reserve refilling more profitable.

Brent sell
Period: 19.12.2025 Expectation: 200 pips
Brent crude to remain within $62.5–$65 range
Yesterday at 10:55 AM 28
Period: 12.12.2025 Expectation: 1625 pips
GBPUSD correction looms as Fed easing bets grow
Yesterday at 09:48 AM 23
Period: 28.02.2026 Expectation: 7000 pips
USDJPY poised to extend its decline
Yesterday at 08:49 AM 13
Period: 31.03.2026 Expectation: 140 pips
Investing in Brent crude with $75.5 in sight
Yesterday at 08:49 AM 18
Period: 12.12.2025 Expectation: 935 pips
AUDCAD aims for new highs on strong fundamentals
Yesterday at 08:11 AM 14
Period: 11.12.2025 Expectation: 450 pips
Buying natural gas on way down before next rally
04 December 2025 58
Go to forecasts