In Europe, gas prices have continued to fall this week.
“The focus has shifted therefore back to weather developments, with increased natgas demand expected due to warmer weather in Europe. Furthermore, the filling of gas inventories is going relatively smoothly but will remain a point of attention in the months to come,” said Hans Van Cleef, head of energy research at EqoLibrium.
Aly Blakeway, manager of Atlantic LNG at SP Global Commodity Insights, said a steady flow of LNG cargoes and healthy pipeline gas supply are meeting power generation needs and contributing to the replenishment of Europe’s underground gas storage ahead of winter.