Dutch Gas Futures To Ease While Four Leaks Identified In Nordstream Pipeline

Dutch gas Futures trading around €194mwh on Thursday, fell by about 6% while there are still concerns about the supply from Russia which boosted energy prices.


Meanwhile, four leaks were identified on the crucial pipelines Nord Stream 1 and 2 in the Baltic Sea so far which is suspected to be sabotage. Gas flows through the particular pipelines were halted due to maintenance previously which brought gas prices soaring.

Additionally, there are disagreements about the payment of gas between Gazprom and Ukraine’s Naftogaz as gas still flows through Ukraine from Russia.

The nearly full gas storage, strong imports of liquified natural gas, wind generation in Europe and the mild weather forecasts let the price trade below the €200mwh level.

Gas from Russia represented 9% vs 40% before the particular sanctions and Norway became the biggest gas exporter in Europe now.

EU energy ministers will meet for an energy emergency plan tomorrow as the energy crisis brought the inflationary soaring prices even higher.

Forecasts pointing to the upside towards €300mwh as traders may find buying support around the Year’s developing mean and the upper standard deviation level of the current decade’s value might serve as support as well.

dutch gas forecast

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