European natural gas futures slipped more than 1% to €33.1 per megawatt-hour, after an over 8% gain in the previous week, as supply curbs at Norway’s giant Troll field are expected to be less severe than feared. Still, Norwegian maintenance at multiple facilities will temporarily reduce flows, keeping markets cautious. Europe is focused on stockpiling gas ahead of the heating season: EU inventories stand at 75.5% versus nearly 91% in 2024, with Germany lagging at 68.6%, while Italy and France hold 87.4% and 83.8% respectively. Geopolitical risks remain elevated, with the war in Ukraine dragging on and no signs of peace talks. Ukraine continues targeting Russian energy infrastructure, striking the Baltic port of Ust-Luga over the weekend, while US President Trump warned of further sanctions on Moscow.
Manage Consent
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.