Free Trial

Fundamentals Push Gas Prices Lower


European LNG prices fell 5.5% to EUR 27.28 on Wednesday after rising for the previous five days. It reached a high of EUR 28.90 early in the session. The market was weighed by milder weather and soft demand at a time of elevated storage levels with more power coming from renewables and like with oil there was also some profit taking. Also the US’ Freeport said that it would increase LNG output by 10% once repairs are completed in May, with most being exported.

  • European prices may rise again if there are further Ukrainian attacks on Russian energy infrastructure but any gains are likely to be capped as the heating season finished at the end of March.
  • US natural gas prices fell 2.6% to $1.70 on Wednesday to be down 8.7% in March to date.
  • North Asian prices were also lower with bargain hunters stepping aside.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.