Or European price of gas It did not follow the strong rise in Wednesday’s stock markets (9.4.2025) and remained low after its initial losses.
The European TTF contract is now marketing at levels below 34 euros per megawatt. By comparison, it was 57 euros just two months ago, so we are talking about a 40% decline in a very short time. This first reveals the low demand in the European gas market, at a time when Member States are called upon to fill their warehouses before the following winter.
At the same time, fears of economic deceleration due to trade war have exerted pressure, while demand in Asia is relatively anemic and does not cause competition.
In fact, China has made a significant move in previous weeks. The country canceled orders for LNG loads, which were redirected to Europe by significantly enhancing availability. At the same time, it imposed a 15% duty on US LNG, which means that it is now more attractive to the EU. rather than in China.
Based on the above, favorable conditions are formed for European consumers in view of the summer. Of course, there are several threats, both commercial and geopolitical.
Israel and Iran threaten the Middle East with a new ignition unless the nuclear agreement is renewed with US mediation. Also, a new attack on the infrastructure of the Turk Stream pipeline in Russia, which supplies Greece, among other things, was carried out in the infrastructure.
Finally, there is also Donald Trump’s demand for Europe to buy many more quantities of American gas, which shakes the waters. As is well known, the US gas costs far more than the Russian corresponding.