Tag: European natural gas

European energy prices soared on Friday as concerns about France's nuclear fleet and disruptions caused by strikes make front-page headlines. In addition, a late winter cold front has also triggered supply concerns. Benchmark natural gas futures surged by 21%; the biggest rise since June last...

Speakers at the CERAWeek energy conference observed that Europe is set to struggle to build up gas supplies for the next winter as the continent looks to cut itself off from Russian supplies. While Europe still made use this winter of Russian imports that arrived...

European natural gas declined on Tuesday as weather forecasts indicate an end to the ongoing icy spell next week while stockpiles remain higher than necessary. Benchmark futures declined by 11%, thereby extending Monday's losses, while Dutch front-month gas fell by 8.3% to €60.50 a megawatt-hour,...

European natural gas prices fell to their lowest level since September 2021 with supply being boosted by full stockpiles in China. Benchmark futures plummeted by 15% on Monday, thereby taking losses for the year to 27%. As a result of excessive stockpiling, Chinese importers are...

U.S. energy major Chevron and Italian energy group Eni announced on Sunday that they have made a gas discovery in an Egyptian offshore field located in the eastern portion of the Mediterranean Sea. According to Egyptian state-owned EGAS, the volume of reserves in the well...

European Union member states are set to convene on Thursday to discuss strategies to curb gas prices. Rising gas prices have not only caused industry shutdowns but also left households struggling to pay their bills. Diplomats are struggling to reach a consensus on how...