Live Updates > Live Update Details
2025-07-29 17:30:53
[European Natural Gas Market: A "Suffocating" Balance Amid Geopolitical and Supply-Demand Game?] ⑴ European wholesale natural gas prices rose slightly in the afternoon of July 29th Beijing time, but trading in a narrow range was affected by strong supply and Trump's rhetoric. ⑵ The August contract price on the benchmark Dutch TTF hub rose by €0.66 to €33.58 per megawatt-hour, or $11.18 per million British thermal units (MMBtu). ⑶ The September contract price rose by €0.71 to €34.16 per megawatt-hour. ⑷ The UK intraday natural gas price rose by 0.10 pence to 80.50 pence per therm. ⑸ Trump set a new 10-12 day deadline for a ceasefire in the Russia-Ukraine conflict. If no progress is made, Russia will face further consequences, adding geopolitical uncertainty to the natural gas market. ⑹ Despite ample supply, Norway's Troll gas field has reduced daily production by 5 million cubic meters, and the restart of the Hammerfest LNG terminal has been delayed by three days, posing a risk of potential supply disruptions. ⑺ It is expected that the rising temperature in northwestern Europe will keep residents' demand stable, and the market fundamentals will be generally stable. The benchmark contract price in the carbon market will fall by 0.21 euros to 71.13 euros per ton.
