Core Viewpoint - European natural gas prices have dropped over 40% this year, primarily due to sufficient liquefied natural gas (LNG) supply alleviating market concerns, despite winter storage levels being below average [1] Group 1: Price Trends - The benchmark Dutch TTF natural gas futures contract is currently trading at approximately €27 per megawatt-hour, marking the lowest level in over a year [1] - The significant drop in prices is attributed to higher-than-normal temperatures across much of Europe this winter, which has reduced the demand for natural gas [1] Group 2: Supply and Demand Dynamics - Strong winds have increased renewable energy generation, further suppressing the demand for natural gas [1] - Major LNG importing countries in Northeast Asia have sufficient winter inventories, which has reduced competition for spot cargoes and eased procurement pressure for European buyers [1] Group 3: Storage Levels and Risks - The current filling rate of natural gas storage facilities in the EU is only 72%, which is notably below the five-year average, indicating potential upward price risks if a cold snap occurs [1]
澳新银行：欧洲气价跌至一年低点 暖冬与可再生能源压制需求
Ge Long Hui A P P·2025-12-09 13:52