16 Hrs
Source:
الاقتصادية
Europe natural gas prices stabilize amid Iran signals
Natural gas prices in Europe remain stable amid anticipation of talks with Iran regarding the reopening of the Strait of Hormuz, one of the most important global gas supply routes. Despite the tensions, futures contracts experienced a slight increase, with mixed signals—some indicating a potential resumption of flows, while Iran reaffirmed its stance on maintaining its conditions. Europe faces challenges in increasing its gas inventories ahead of the heating season, currently at 71% of capacity compared to the seasonal average of 87%. The continent is also looking to boost imports of liquefied natural gas (LNG) to compensate for supply shortages, amid global competition for shipments, especially from Asia and India. With rising prices, costs could exceed €100 per megawatt-hour if disruptions in gas supplies occur during the winter.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)