European Gas Prices Set for First Monthly Increase Since January - Jordan News
European natural gas prices are on track to record their first monthly gain since January, driven by geopolitical developments and signs of tightening supply. اضافة اعلان According to Bloomberg, benchmark front-month futures are projected to rise by approximately 8% in May. Key Factors Behind the Surge: Increased scrutiny of Russian gas imports by European nations, as part of a broader roadmap to phase out fossil fuel dependence on Moscow. Germany's firm stance against reviving the Nord Stream 1 and 2 pipelines, effectively cutting off potential resupply routes from Russia. Supply constraints and elevated market caution, with traders responding to potential risks of reduced availability during peak summer demand and ahead of winter storage buildup. Current Market Snapshot: As of 9:09 AM (Amsterdam time), July delivery gas traded at €35.12 per megawatt-hour on the Dutch TTF hub, the region's primary benchmark.
The anticipated monthly rise reflects mounting concerns over long-term energy security and the evolving energy policies across Europe, particularly amid ongoing geopolitical tensions and the continent's energy transition goals.
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