26-03-2025
European Gas Slips as Ample LNG Flows Help Ease Storage Worries
(Bloomberg) -- European natural gas continued its slide as ample supply of LNG and warmer weather ease pressure on the region's fuel inventories after a rocky start to the year.
They Built a Secret Apartment in a Mall. Now the Mall Is Dying.
Why Did the Government Declare War on My Adorable Tiny Truck?
Trump Slashed International Aid. Geneva Is Feeling the Impact.
Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says
How SUVs Are Making Traffic Worse
Benchmark futures headed for a second day of declines, losing more than 2% early Wednesday. Imports of liquefied natural gas into northwest Europe are set to jump more than 25% in March compared to a year earlier, even though some cargoes recently diverted elsewhere amid price swings.
Lower LNG demand from China is also providing near-term relief for European buyers competing for the same supply. The country's purchases are forecast to fall this year for the first time since 2022, according to BloombergNEF.
Improving supply prospects are good news for Europe's gas market, which is coming to the end of a testing winter that has seen stronger-than-usual withdrawals from fuel reserves. First steps to contain fighting between Russia and Ukraine have boosted optimism that some flows from the continent's former top supplier could eventually return, though that's unlikely to occur in time for Europe's stockpiling efforts in the coming months.
With just a few days left until the official end to the European heating season, some countries have already been adding gas into underground storage sites thanks to rising temperatures.
On Tuesday, the US said Russia and Ukraine agreed to a ceasefire in the Black Sea, even as the Kremlin said its involvement would depend on a series of preconditions including sanctions relief.
Market participants are closely monitoring the negotiations, with some of the world's top energy traders saying they would likely return to Russia if sanctions end.
Dutch front-month futures, Europe's gas benchmark, traded 2.1% lower at €40.69 a megawatt-hour by 8:27 a.m. in Amsterdam.
Business Schools Are Back
Google Is Searching for an Answer to ChatGPT
The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending?
A New 'China Shock' Is Destroying Jobs Around the World
How TD Became America's Most Convenient Bank for Money Launderers
©2025 Bloomberg L.P.
