global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
European Gas Hub Logo
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
European-Gas-Hub-Logo
No Result
View All Result
Home Gas Prices

European gas prices fall to pre-crisis levels

Editor by Editor
1 year ago
Reading Time: 1 min read
European-gas-prices
Share on FacebookShare on TwitterShare on Linkedin

Unseasonably mild weather continued to drive down gas prices in Feb24, with North American hubs reaching multi-decade lows and European gas prices falling to pre-crisis levels.

RELATED POSTS

Norwegian-gas

Norwegian gas decline pushes European storage injections further down

2 days ago
global-gas-market

Europe’s exposure to a wild and volatile global gas market

1 week ago
TTF-power-and-carbon-prices

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

1 week ago

In the US, Henry Hub prices averaged at $1.7/mmbtu -their lowest February level since 1995, or almost 30 years. mild weather conditions drove down rescom demand, which dropped by around 15% yoy, while continued strong production and high inventory levels (25% above 5y average) put further downward pressure on prices.

In Canada, AECO fell to $1.35/mmbtu -the lowest gas price on the globe for the moment (and its lowest Feb level in 25 years).

In Europe, TTF prices averaged $8.2/mmbtu -their lowest level since Apr21. demand collapsed (down by almost 20%) amidst unseasonably mild weather and plummeting gas-fired powgen. strong Norwegian flows and high storage levels (standing almost 40% above their 5y average) depressed further European hub prices.

In Asia, JKM followed a similar price trajectory, down by 13% month-on-month, amidst healthy LNG availability and sluggish demand. China remains in the driving seat, with the country’s LNG imports up by 16% yoy. JKM is also now well-below oil-indexed prices, which could mean that spot buying interest might heat up.

What is your view? how will the market evolve through the shoulder season? Could we see some upward correction? Or the bears are too bearish?

Source: Greg MOLNAR


RELATED POSTS

Norwegian-gas

Norwegian gas decline pushes European storage injections further down

2 days ago
global-gas-market

Europe’s exposure to a wild and volatile global gas market

1 week ago
TTF-power-and-carbon-prices

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

1 week ago
Tags: gas pricesGreg MolnarHenry hub pricesJKM gas pricesTTF
Editor

Editor

Related Posts

Norwegian-gas
Supply and Demand

Norwegian gas decline pushes European storage injections further down

2 days ago
global-gas-market
LNG

Europe’s exposure to a wild and volatile global gas market

1 week ago
TTF-power-and-carbon-prices
LNG

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

1 week ago
German-intraday-power-spreads
Supply and Demand

German intraday power spreads averaged at €125/MWh since the start of the year

2 weeks ago
European-gas-storage
Supply and Demand

European gas storage injection surge since end of April

3 weeks ago
natural-gas-markets
Gas Prices

The growing complexity of natural gas markets

1 month ago
No Result
View All Result

Trending Posts

German-intraday-power-spreads

German intraday power spreads averaged at €125/MWh since the start of the year

2 weeks ago
European-gas-storage

European gas storage injection surge since end of April

3 weeks ago
global-gas-market

Europe’s exposure to a wild and volatile global gas market

1 week ago
Load More

Recent Post

Norwegian-gas

Norwegian gas decline pushes European storage injections further down

2 days ago
global-gas-market

Europe’s exposure to a wild and volatile global gas market

1 week ago
TTF-power-and-carbon-prices

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

1 week ago
Load More
Logo

European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info

Categories

  • European Gas Prices
  • Energy Policy
  • European Gas Infastructure
  • European Gas Storage
  • Coal Market
  • Supply & Demand
  • Gas Supply & Demand
  • LNG
  • European Power Generation
  • Other

Recent Posts

Norwegian gas decline pushes European storage injections further down

Europe’s exposure to a wild and volatile global gas market

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

Energise your Tuesday!

Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 EuropeanGasHub | All Rights Reserved

No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 EuropeanGasHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.