The price of European gas is rising again with the cold weather and the fall in Norway supplies

The prices of natural gas in Europe rose for the third day in a row, powered by low temperatures and seasonal maintenance begins in some of the largest production facilities in Norway. Standard future contracts have recorded about 1.5%, and immediate delivery prices in the Netherlands have risen. The gas storage match in Europe is facing Europe is a difficult task to re -fill the gas storage facilities, as only a third of the shares are now filled after the continent passed in a cold winter. Although some pressure has recently decreased – as the seasonal difference in gas contracts has decreased, Europe still needs fuel quantities that exceeded it last year, especially after the interruption of Russian gas flow moving through Ukraine. This causes the continent to rely more on global liquid natural gas flow, known for fluctuation, in addition to paying higher prices to attract costs that can go to Asia or other regions. However, there are still abundant liquid supplies in Europe. Europe, for major challenges, says Tony Jordan, the first partner at the consulting company “Oxillon”, said in a note: “The road is a long time to reach the goal of storing European gas by 90% by November 1,” with reference to the goal the European Union set for itself. He added: “It is true that it was reached at such a time in 2022, but it was not reached in 2021, and the levels of the commencement of the recording in recent years have been much higher than it is now.” The slightly cooler weather at the beginning of April may also contribute to raising the remaining demand for heating, while the annual maintenance work began in some major facilities in Norway, which led to the reduction of suppliers of the continent. The Dutch future contracts for the nearest month, seen as a standard gas standard in Europe, rose 0.1% to 42.50 euros per megawatt at 09:05 Amsterdam time.