European Gas Prices Steady as Heating Demand Winds Down

European Gas Prices Steady as Heating Demand Winds Down

European natural gas prices swung between small gains and losses as the heating season draws to an end and traders focus on stockpiling for next winter.

According to a leaked document, the European Commission would relax the regulation that requires member states' gas storage facilities to be filled to 90 percent of their full capacity. ... ...

European gas storage refill season begins

Europe recorded its first weekend of gas storage injections amid milder weather, stronger renewables and of course lower demand on the lazy weekend days. Almost 0.1 bcm of gas has been injected into storage through this weekend, with France, Germany, Austria and Hungary all recording the first net storage injections of the year. Of course, this does not change the overall picture: EU inventory levels are almost 26 bcm lower than last year and st…