Tag Archives: Europe

European natural gas prices held gains as escalating strikes in Australia add to concerns about supply disruptions from Norway and a major export facility in the US. Benchmark futures rose as much as 3.2% on Thursday, after jumping to the highest in over two weeks in the previous session. Liquefied …

European gas prices jumped on Friday after workers at liquefied natural gas facilities in Australia began strike action, stoking fears of disruption to global supplies. Prices of TTF, the European benchmark, rose 13 percent to €34.50 per megawatt hour ($10.8 per million British thermal units) according to LSEG data. The …

Europe’s switch from pipeline gas to LNG is reshaping the global LNG market, putting a permanent floor under prices. This means some buyers may be priced out of this market for good. That, in turn, means they will turn to other sources of energy—like coal. It’s a domino effect even …

A higher natural gas price in Europe in November is making it lucrative to hold back supplies for a month until the arrival of lower temperatures can boost profits. Futures for November are about €10 euros a megawatt-hour more expensive than gas delivered next month, with no other contract this …

Russia’s gas giant Gazprom has reported a massive drop in its first-half net profit as deliveries to Europe have slumped compared to 2022 when Russia was still supplying pipeline gas to its European customers for most of the first half of last year. Gazprom’s net profit plunged by 8.5 times …

The spot price for gas in Europe has again risen above $400 per thousand cubic meters after falling below that level at the end of last week. It had soared towards $500 before falling back to $355 amid concerns regarding a labor dispute and possible industrial action at LNG plants …

European natural gas prices jumped as workers serving a key export project in Australia prepare for a strike that could put a significant dent in global supplies in the run-up to winter. Disruptions in Australia risk impacting 10% of global liquefied natural gas exports, a prospect that has kept European …

European natural gas futures headed for a third weekly gain as concerns over potential strikes in Australia inject renewed volatility into the market. The possibility of walkouts at three liquefied natural gas facilities operated by Chevron Corp. and Woodside Energy Group Ltd. has taken center stage in recent days, as …

Earlier this month, the price of natural gas in Europe spiked by as much as 40% on the news that gas platform workers in Australia may launch industrial action. The strike could affect a tenth of global LNG, media reported last week, which would send prices higher. Indeed, the very …

Polish pipeline operator PERN said Tuesday it repaired a leak in a section of the Druzhba pipeline where authorities had detected a leak. PERN said technical services “restored full functionality of the damaged pipeline on Monday evening.” “Now the company’s focus will focus on clearing the area and restoring it …