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European gas nears 100 EUR/MWh after hitting 97.5 EUR, highest since 2022

FinanceInternationalXTB.com35 s readAI summary
Image: XTB.com

European natural gas trades at 95.41 EUR/MWh and reached 97.5 EUR/MWh in early trading, its highest level since 2022, with a weekly gain of 8.78% and a 231.28% rise year to date. European inventories stand at around 75% of capacity, the lowest seasonal level since 2009 according to GIE, compounded by Norwegian supply restrictions reported by Gassco and an 80% year-on-year drop in Middle East LNG shipments to Europe.

In 35 seconds

  • European gas trades at 95.41 EUR/MWh after hitting 97.5 EUR/MWh, the highest since 2022
  • European inventories stand at around 75% of capacity, the lowest seasonal level since 2009
  • Gassco reports restrictions at Oseberg, Troll and Kárstø, and there is a technical problem at St. Fergus
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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