Due to low demand due to the warmer-than-normal weather and an excess of supply, together with the stability of liquefied natural gas shipments, wholesale gas prices in the Netherlands and Britain fell today, Tuesday.
The Dutch gas contract dropped by 13.50 euros to 116.50 euros per MW by 08:58 GMT for the month with the earliest maturity, the fifth day of transactions, respectively, the lowest level since mid-June.
The number of people per unit was likewise reduced under the British contract, from 23.00 to 35.00 the day before delivery.
Strong bleeding pressure is still in short supply and is available in comfortable quantities. Additionally, the new weather forecast calls for warmer temperatures and higher pressure levels.
It was reported that the weather will be in the rest of this week and the next week is more moderate than usual, which reduces the demand for heating.
Despite Russia’s progressive reduction in gas flows, concerns about a shortage of supplies were also allayed by the steady arrival of tankers transporting liquefied natural gas to Europe.
But more than 35 LNG-loaded ships have slowed down in Spain and other parts of the Mediterranean, and unloading is still taking place at the ports.
The markets are also awaiting the European Commission’s proposal to set a maximum for natural gas price.
According to the proposal draught, European Union leaders are slated to consider options this week that include mandatory limits up to the point where the prices exchanged in a single day.
Analysts believe that the determination of the price cap may increase pressure on gas prices.
According to statistics from the national network, the gas system in the United Kingdom had a surplus of 26. 4 million cubic metres in the supply.
In the European carbon market, the main contract fell 0. 41 euros to 67.
Each tonne costs 10 euros.
a decrease in gas prices across Europe despite temperate weather and sluggish demand
About Author
