A decrease of the indicator value may contribute to the rise in quotes of NG.
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European natural gas prices rose slightly amid rumors that a US court ruling blocking Trump's tariffs could lead to increased energy demand.
Germany considers intervention in gas storage replenishment as a last resort, even if its target levels are not met. If LNG supplies keep arriving in the country by the start of November, it may not be appropriate for the market operator, Trading Hub Europe (THE) to step in to support injections.
Natural gas flows to the Freeport LNG export plant in Texas dropped on Wednesday. This is likely to lead to a reduction in LNG production. Last Friday, the facility experienced a temporary power outage. The incident was caused by a malfunction in the plant's compressor system.
The National Hydrocarbons Agency reports that Colombia’s natural gas reserves have dropped to the lowest level since 2007. The figure has been declining for three years in a row. With domestic supplies shrinking, the country is increasingly reliant on imports, Bloomberg says.
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