empty
 
 

13.10.202609:01:17UTC+00EU Natural Gas Prices Rise Toward 4-Year High

European natural gas prices rose to €86 per megawatt-hour on Tuesday, the highest level since December 2022, as worries over tight supplies and below-average storage levels intensified ahead of winter. Storage sites across Europe are currently 73.75% full, leaving inventories significantly lower than is typical for this point in the year.

Forecasts for colder weather in northwestern Europe from next weekend are expected to boost heating demand, adding further pressure to already constrained reserves. With storage levels lagging previous years, the market remains highly vulnerable to abrupt temperature shifts or unexpected supply disruptions.

Stronger European demand could also heighten competition for liquefied natural gas (LNG) cargoes on the global market. At the same time, rising tensions in the Middle East have pushed North Asian LNG prices to nearly three times their pre-conflict levels, intensifying the battle between Asian and European buyers for available shipments.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback