European Gas Prices Rise on Concerns Over Global LNG Competition

Bloomberg · last updated May 6, 2025 – 2:18 AM

European natural gas advanced as traders assessed the prospect of higher demand in Asia just as cooler weather and field maintenance tighten supplies.

Benchmark futures rose as much as 4.3%, the most in more than a month. Players are focusing on global competition for liquefied natural gas cargoes after some Chinese importers resumed buying on the spot market after months of relative inactivity. Rebounding oil, to which some gas contracts are linked, provided additional support to prices as Chinese markets reopened after a holiday.

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