The Gas.IN-EN.com learned that recently, relevant data showed that European natural gas prices rose for the seventh consecutive trading day.
It is reported that as geopolitical tensions heat up, traders are also wary of potential supply disruptions. In addition, according to ICE statistics, as of the end of April 2024, the inventory rate of European gas storage facilities reached 62.46%, up 4.14 percentage points from the same period in March; the inventory rate of European LNG receiving stations was 56.01%, up 10.63 percentage points from the same period in March.
It is understood that since the problems in Eastern Europe emerged, Europe has increased its imports of LNG resources from the United States. With the resumption of production at the FREEPORT export terminal, it is expected that the amount of LNG resources exported from the United States to Europe may increase. In the context of weak demand in the off-season, the level of European natural gas inventory is still expected to rise. In this regard, industry insiders pointed out that as a major importer of natural gas in the world, Europe's inventory level will not change significantly in the early off-season.
This is the news from original articles: Gas.IN-EN.com
Post time: Jun-04-2024