2024-08-28 06:25:00
EUROPEAN GAS PRICES UP ANEW
BLOOMBERG - Aug 26, 2024 - European natural gas erased an earlier decline after Russia said it attacked gas-compressor stations in western Ukraine with drones and missiles.
Benchmark futures rose as much as 2.4% on Monday. The market has been sensitive to geopolitical events and outages this summer, even with storage sites exceeding targets ahead of Europe’s heating season.
Russian gas flows to Europe via Ukraine are expected to remain within their normal range on Monday, according to data from the Slovak gas transmission system operator Eustream AS, suggesting the attacks haven’t impaired deliveries.
Europe’s storage facilities are more than 91% full, according to the latest data from Gas Infrastructure Europe, crossing the EU’s 90% goal more than two months early. Those inventories have soothed markets in the face of supply risks, keeping gas futures below a 2024 high reached earlier this month.
Dutch front-month futures, Europe’s gas benchmark, were up 0.9% at €37.20 a megawatt-hour by 3:03 p.m. in Amsterdam.
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Earlier:
2024, August, 15, 06:40:00
EUROPEAN GAS PRICES UP
European natural gas prices posted a double-digit advance for a second consecutive week after fears of possible disruptions to Russian fuel supplies crossing Ukraine.
2024, July, 30, 06:20:00
EUROPEAN GAS PRICES UP
Benchmark futures settled 2.2% higher at €32.48 a megawatt-hour Friday after slumping a day earlier. The contract also posted a second straight weekly gain.
2024, May, 3, 06:50:00
EUROPEAN ENERGY MISTAKES
It trails China and the US in areas such as manufacturing of clean technologies thanks to a mix of burdensome regulations and higher energy prices. Electricity prices in the EU are typically twice to three times higher than in the US.
2024, April, 26, 06:40:00
EUROPEAN ENERGY UNCERTAINTY
Worries include uncertainty over remaining Russian flows through Ukraine and rebounding gas demand in Asia. A colder-than-normal winter spurring consumption at home is also seen as more likely after two consecutive mild ones.
2024, April, 26, 06:35:00
EUROPEAN ELECTRICITY PRICES UP
The capacity for transmitting electricity to Belgium, Germany, Switzerland and Italy has been reduced since early March, according to French power-grid operator RTE. That’s depriving those nations of exports of cheaper French nuclear power and boosting wholesale prices across the region.
2024, April, 17, 06:55:00
EUROPE NEED RUSSIAN LNG
"If Europe is still importing LNG from Russia, it is because there is a need," a France-based gas trader said. "With our other main suppliers, such as Norway, operating at maximum capacity, it will be hard to completely stop the flow of Russian LNG. We are still not completely out of the crisis."
2024, April, 12, 06:30:00
EUROPEAN GAS PRICES WILL UP
Russia’s gas-transit agreement with Ukraine also expires at the end of the year, and there’s little clarity as of now if these volumes will still find their way to Europe.
