Jin10 Data reported on April 22 that European natural gas prices have retreated, hovering around 35 euros per megawatt hour, due to an increase in gas reserves as fuel carried by tankers arrives in large quantities. After a long holiday weekend, benchmark futures prices fell by 2.5% on Tuesday. The arriving liquefied natural gas shipments are still slightly above seasonal averages, indicating that supply conditions are good despite ongoing disruptions at some global facilities. During the heating season, oil reserves have decreased, so the replenishment situation for this summer is being closely monitored. While this initially led to seasonal contango, making stockpiling unprofitable, the price pattern has now shifted to a slight contango, meaning that forward prices are higher than spot prices. This may encourage stock replenishment in the coming days and weeks.
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European natural gas prices have fallen, and progress has been made in injecting natural gas storage.
Jin10 Data reported on April 22 that European natural gas prices have retreated, hovering around 35 euros per megawatt hour, due to an increase in gas reserves as fuel carried by tankers arrives in large quantities. After a long holiday weekend, benchmark futures prices fell by 2.5% on Tuesday. The arriving liquefied natural gas shipments are still slightly above seasonal averages, indicating that supply conditions are good despite ongoing disruptions at some global facilities. During the heating season, oil reserves have decreased, so the replenishment situation for this summer is being closely monitored. While this initially led to seasonal contango, making stockpiling unprofitable, the price pattern has now shifted to a slight contango, meaning that forward prices are higher than spot prices. This may encourage stock replenishment in the coming days and weeks.