Bears Wake up From European Hibernation -- for Now

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

European gas prices have started to fall — but traders are skeptical that will last. Supply does not look as tight as it did late last year thanks to an armada of spot LNG cargoes. But record-low storage, continued uncertainty over Russian supply and possible colder weather are all stopping bears waking up fully from hibernation.

Gas Prices, Gas Spot Markets, Gas Supply, LNG Supply
Wanda Ad #2 (article footer)
Unprecedented congestion gripped the EU’s gas grid last year, but the level of disruption is unlikely to support new gas interconnectors.
Tue, Jun 6, 2023
Europe's heat pump growth is backed by supportive policies, which could displace a significant share of EU gas demand.
Tue, Jun 6, 2023
Abundant supply and lackluster demand sent July gas futures 24.5¢ lower in the short post-Memorial Day week.
Fri, Jun 2, 2023