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European gas prices lower during December

Gas prices are slowly declining in Europe!

News of relief and surprise for the end of the year holiday a much needed relief for industries and governments

Tweet on lowering price of natural gas

Factset Chart on Gas price

Benchmark gas futures are down 19% this week, and 36% so far in December. That has pulled them to the lowest since mid-June, when Russia began to throttle supplies through the Nord Stream pipeline.

An influx of liquefied-natural gas has helped. So have warmer and windier conditions. The weather has boosted renewable-power generation and quelled heating demand.

In contrast, last week, when icy weather spread across the continent, gas consumption vaulted. In Germany, household and commercial demand rose 28%, making it the first week of the winter when overall demand exceeded last year’s levels, data published Thursday showed.

Image Gas facility