• Global Gas Analytics
  • Analysis & Forecasts

Europe & Russia Price trends

January 2019

Weak fundamentals are putting pressure on European gas hub prices at the peak of the winter.

The NBP month-ahead price had dropped to around 59-62 p/th by mid-January after having averaged around 61 p/th during the first half of the month. This was down from an average of 66 p/th in December and 68 p/th in November. Exceptionally mild weather in some of Europe’s large gas markets hit seasonal demand during the first half of January. This, combined with healthy stock levels and ample flows, pushed...