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30.06.202603:11:52UTC+00European Gas Holds Gain

European natural gas prices were little changed around €42.7 per MWh on Tuesday, after gaining more than 4% in the previous session, as investors awaited US–Iran talks in Qatar following weekend strikes by both sides that heightened supply concerns. President Donald Trump said negotiations with Tehran were set to resume today after both parties agreed to halt a series of retaliatory attacks in and around the Strait of Hormuz. At the same time, hotter-than-normal weather across Europe is boosting gas-fired power generation to meet increased air conditioning demand, further tightening supply conditions. The region continues to face difficulties in restoring gas inventories to historical norms, with storage facilities averaging about 48% of capacity, raising the risk that Europe could enter the winter heating season with its lowest gas reserves in 15 years. Despite the recent rebound, EU gas prices remain on track for an approximate 7% decline for the month and a 16% drop over the second quarter.

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