https://sputnikglobe.com/20230616/gas-price-in-netherlands-nearly-doubles-in-2-weeks---reports-1111216419.html
Gas Price in Netherlands Nearly Doubles in 2 Weeks - Reports
Gas Price in Netherlands Nearly Doubles in 2 Weeks - Reports
Sputnik International
The purchase price of gas in the Netherlands has almost doubled since early June, when it last settled at 23 euros ($25) per megawatt-hour (MWh), Dutch broadcaster NOS reported Friday.
2023-06-16T12:29+0000
2023-06-16T12:29+0000
2023-06-16T12:29+0000
energy crisis in europe
netherlands
liquefied natural gas (lng)
gas
gas prices
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Gas surged to nearly 50 euros per MWh on the Dutch TTF before falling to more than 40 euros at market close on Thursday on rising demand in China and supply shortfalls from Norway, which has extended maintenance on gas facilities until mid-July. Dutch energy utilities have been adjusting price contracts for households to account for gas price fluctuations, media reported. A three-year contract that cost 299 euros a month on June 5 now costs 309 euros, and the price of shorter-term contracts is expected to rise if gas prices remain high. All the signs are that the gas market is tightening again, media suggested. The Netherlands has become increasingly dependent on liquefied natural gas supplies from the United States and Qatar after ditching Russian gas. Now that the Chinese economy has finally begun to rebound from the COVID-19 lockdowns, it is scooping up LNG contracts that were sold on to Europe in 2022.
https://sputnikglobe.com/20230314/eu-imports-of-lng-pipeline-gas-up-threefold-to-over-222bln-in-2022-1108363788.html
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Gas Price in Netherlands Nearly Doubles in 2 Weeks - Reports
THE HAGUE (Sputnik) - The purchase price of gas in the Netherlands has almost doubled since early June, when it last settled at 23 euros ($25) per megawatt-hour (MWh), Dutch media reported Friday.
Gas surged to nearly 50 euros per MWh on the Dutch TTF before falling to more than 40 euros at market close on Thursday on rising demand in China and supply shortfalls from Norway, which has extended maintenance on gas facilities until mid-July.
Dutch energy utilities have been adjusting price contracts for households to account for gas price fluctuations, media reported. A three-year contract that cost 299 euros a month on June 5 now costs 309 euros, and the price of shorter-term contracts is expected to rise if gas prices remain high.
All the signs are that the gas market is tightening again, media suggested.
The Netherlands has become increasingly dependent on liquefied natural
gas supplies from the United States and Qatar after ditching Russian gas. Now that the Chinese economy has finally begun to rebound from the COVID-19 lockdowns, it is scooping up LNG contracts that were sold on to Europe in 2022.
