Commodities

European Gas Posts Weekly Gain as Supply Risks Rattle Market

Ukraine transit ends, weather and outages impacting market
Russia flows via Ukraine ‘should eventually resume:’ Citigroup

WATCH: Rabobank’s Florence Schmit discusses the outlook for European gas demand in 2025.

Source: Bloomberg

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By Priscila Azevedo Rocha and Anna Shiryaevskaya

January 3, 2025 at 7:42 AM UTC

Updated on

January 3, 2025 at 5:37 PM UTC

This article is for subscribers only.

European natural gas prices posted a third consecutive weekly gain as the market grapples with declining stockpiles and tighter supplies after the loss of Russian flows via Ukraine.

Benchmark futures ended the week 4% higher, after paring an earlier advance. Prices are near a 14-month high, around €50 per megawatt-hour.