Europe grapples with gas prices

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.
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
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.
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.
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 ...
European Gas Extends Slide as Trump-Putin Talks Bolster Markets
European natural gas prices slumped Thursday as US-Russia talks boosted prospects for an end to the war in Ukraine, raising ...
EU rules risk overheating a red-hot gas market
European policymakers worried about energy prices have shot themselves in the foot - twice - as two rules aimed at managing ...
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 ...
Europe Poised for Blast of Arctic Cold as Gas Storage Drops
Freezing temperatures and low wind power production will put further pressure on Europe’s strained energy market, as natural ...