European Gas Prices Drop

European energy industry urges EU not to cap gas prices
Europe's gas and energy trading industries have urged the European Union not to cap gas prices, as Brussels seeks ways to protect consumers and businesses from energy price spikes.
European Gas Price Hits Two-Year High Amid Fast Depleting Inventories
European natural-gas prices jumped in early trade, reaching a two-year high as stronger fuel demand due to colder temperatures risks draining already low inventories.
European Gas Prices Drop After U.S.-Russia Talks Over Ukraine
Flows of Russian gas via Ukraine were halted on Jan. 1 after a prewar transit deal expired, reducing supplies and causing disruptions for European countries like Slovakia and Austria. In order to offset losses and replenish fast depleting inventories, the European Union is now expected to significantly boost imports of liquefied natural gas.
Europe’s High Gas Prices Are Dampening Industrial Demand
Price-elastic European industrial gas demand fell significantly in January, particularly in the second half of the month
Gas Price Cap Would Destabilize Markets, Energy Firms Warn EU
Europe’s biggest energy producers and traders warned the European Commission against introducing a gas price cap as a tool during times of crisis, after some officials raised the idea in recent months.
EU shoots down rumors it will revive divisive gas price cap
With gas prices spiking again, that conversation is taking on fresh urgency. Demand is up amid a cold snap, while Europe also recently lost Russian gas coming through Ukraine. This week, EU gas benchmark futures rose to €58 per megawatt hour — their highest level in two years.
Europe is puzzling over how to reduce gas prices: price limit or Ukrainian transit
The cost of gas in Europe exceeds the figures of a year ago by two times and the EU started talking about a new price limit. The easiest way to reduce prices is to resume the Ukrainian transit of Russian gas,
EU gas crisis: Rising prices spark debate on price limits
When the temperature drops, the price of gas increases. In Europe, the discussion about freezing its prices is resurfacing. However, such intervention is controversial. Traders, energy exchanges, and financial sector representatives have sent a joint letter to Ursula von der Leyen,
EU considers gas price cap amid soaring costs
Prices have surged due to low temperatures and weak wind conditions, which have hampered renewable energy production. Additionally, gas prices in the EU are now three to four times higher than in the US,
Recovering wind output may help cool Europe's heated gas market: Maguire
By Gavin Maguire LITTLETON, Colorado (Reuters) -Wind-powered electricity production across Europe dropped by over 7% in ...
Germany Asks for Gas Storage Exemptions, Sending Prices Tumbling
European gas futures tumbled the most since early 2024 after Germany called for exemptions from the European Union’s storage ...
Why rising LNG prices could spell trouble for global energy markets
The CEO of Vitol, a prominent global energy trading firm, expressed concerns on Wednesday about the escalating prices of LNG ...
Germany wants EU to relax gas storage targets
Germany wants the European Union to make its gas storage targets less rigid because of worries over their cost, the economic ...