Montel Logo

    Select your prefered language:

  • * Turkish edition by Montel-Foreks requires separate trial access or subscription.


Technical maintenance

All Montel services are currently unavailable due to planned technical maintenance.

Gas eyes 20% weekly loss on supply outlook


26 May 2023 14:01

26 May 2023 14:01

(Montel) European gas prices were on track to close 20% lower on the week, pressured by an increasing comfortable supply outlook that included growing storage stocks and forecasts for greater renewables generation. 

The benchmark Dutch TTF front-month contract fell to a two-year low of EUR 23.70/MWh and was last seen down EUR 1.39 on the day at EUR 24.06/MWh on Ice Endex. 

In the UK, the front month last traded down 1.73p at 56.85pth, after earlier falling to 55.14p/th, the lowest level since 28 April 2021.

This week marked the biggest weekly drop in prices in 16 years,…

Share this article on:

URL copied!

English newswire snapshot

Montel uses cookies to improve this website. By continuing to use our website you agree to our use of cookies. Read more about cookies and our privacy policy.