Risks to Europe's gas supply remain, as the most recent spikes in the continent's benchmark prices have shown.
Europe ’s natural gas prices have jumped by 40% over the past three months despite the EU exiting the winter heating season with a record-high level of gas still in storage. The price move higher during the so-called shoulder season when household gas demand is low was the result of concerns about supply disruptions and an uptick in Asia’s LNG imports due to lower spot prices and heat waves in parts of China as well as India and other Southeast Asian countries.
Supply Risks Lift European Gas Prices This month, Europe’s benchmark natural gas prices have already jumped on two occasions as the market feared supply shocks. First, the Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, surged by 10% on a single day in early June to the highest level in six months, as supply from Norway crumbled amid unplanned outages.
Gas Gas Storage LNG Ukraine War Gas Imports Gas Prices
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