European Natural Gas Prices Snap 3-Day Gain

2026-11-13 15:48 By Agna Gabriel 1 min. read

European natural gas prices fell to €91/MWh, retreating after three consecutive sessions of gains, although they remained more than 6% higher over the week.

Investors weighed short-term supply disruptions and colder weather forecasts against already low inventories ahead of winter.

Temperatures are expected to decline across Europe from November 17, with further cold spells possible in late November and early December, potentially boosting heating demand.

Meanwhile, Norwegian gas flows weakened as outages intensified, particularly at the Troll field, where operator Gassco said the duration of the disruption remained uncertain.

Supply concerns were compounded by EU storage levels below 72%, compared with a five-year seasonal average of 89%, while Germany’s reserves stood below 60%.

Geopolitical tensions provided additional support after US President Donald Trump dismissed the need for a deal with Iran and tanker attacks in the Strait of Hormuz continued.



News Stream
European Natural Gas Prices Snap 3-Day Gain
European natural gas prices fell to €91/MWh, retreating after three consecutive sessions of gains, although they remained more than 6% higher over the week. Investors weighed short-term supply disruptions and colder weather forecasts against already low inventories ahead of winter. Temperatures are expected to decline across Europe from November 17, with further cold spells possible in late November and early December, potentially boosting heating demand. Meanwhile, Norwegian gas flows weakened as outages intensified, particularly at the Troll field, where operator Gassco said the duration of the disruption remained uncertain. Supply concerns were compounded by EU storage levels below 72%, compared with a five-year seasonal average of 89%, while Germany’s reserves stood below 60%. Geopolitical tensions provided additional support after US President Donald Trump dismissed the need for a deal with Iran and tanker attacks in the Strait of Hormuz continued.
2026-11-13
European Natural Gas Prices Climb to 2-Week High
European natural gas prices climbed above €94/MWh, hitting a two-week high, amid persistent Middle East tensions, colder weather expectations, and disruptions to Norwegian supplies. President Trump’s remarks that the US does not need a deal with Iran dampened hopes for a resolution to the conflict, while continued tanker attacks in the Strait of Hormuz heightened fears of prolonged shipping disruptions. Meanwhile, colder conditions are forecast across parts of Europe from November 17, with further cold spells possible toward late November and early December, likely driving up heating demand as the region enters winter. Norwegian gas deliveries to Europe dropped, partly due to unplanned outages at the Troll and Åsgard facilities. EU gas storage facilities were less than 72% full, compared with a five-year seasonal average of around 89%, leaving the region with a relatively thin supply buffer. Germany’s storage levels were below 60%.
2026-11-13
European Natural Gas Soars by 7%
European natural gas prices surged 7% to €92.70/MWh, driven by forecasts of colder weather, supply disruptions in Norway and persistent geopolitical tensions in the Middle East. Temperatures are expected to fall across Europe from November 17, with further cold spells possible in late November and early December, boosting heating demand. Meanwhile, Norwegian gas flows declined as outages intensified, particularly at the Troll field, where operator Gassco said the duration of the disruption remained uncertain. Supply concerns have been compounded by low storage levels: EU reserves stood below 72%, compared with a five-year seasonal average of 89%, while Germany’s stocks were below 60%. Geopolitical risks added further support after US President Donald Trump dismissed the need for a deal with Iran, while Tehran maintained a hardline stance on its enriched nuclear material.
2026-11-12