European Natural Gas Hits One-Month High as Colder Weather Tests Demand

Rising European natural gas prices face further pressure this week as colder weather tests demand, reigniting risks to global energy supply routes. On Monday, benchmark futures surged up to 1.8%, reaching a one-month high. Prices have risen for five consecutive trading days, with cumulative gains exceeding 13% since early October. Storage facilities in Europe are only about 74% full, below historical levels for this time of year. Liquefied natural gas (LNG) supply remains constrained, forcing Europe to increase imports. If supply disruptions persist, the market could see further price spikes. Timera Energy analysts stated in a research report: 'With buffer stocks declining, Europe will need more LNG during cold periods, while Asia will also compete for supplies.' Analysts added that new production capacity is 'insufficient to offset lost export volumes.' (Sina Finance)