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Europe & Russia - Price trends

Natural gas analysis & forecasts February 2019

European hub prices have slumped, with little hope of support emerging before the end of the winter.

The NBP month-ahead was down to 46-47 p/th by the middle of February, a slide of roughly 15 p/th from the 62 p/th seen at the start of January. Hub prices on the continent have seen similar declines in recent weeks, with the TTF and Gaspool month-ahead prices down to 45 p/th by the middle of February. Weak seasonal demand and substantial flows of gas – including competitively priced...