Germany Natural Gas Futures Edge Up from 3-Week Low

2026-02-05 16:52 By Agna Gabriel 1 min. read

German natural gas futures edged up to above €33 per megawatt-hour, recovering from a three-week low of €32.77 on Feb 3, as below-normal wind generation lifted demand for gas from power plants and tightened near-term supply.

Wind output across north west Europe remains weak, increasing reliance on gas for electricity generation.

While temperatures are currently above normal and expected to peak by Sunday, colder conditions are forecast from February 13, which could boost heating demand.

Low storage levels continue to support prices, with EU gas inventories around 39.2% full compared with about 52% a year ago.

Storage remains particularly low in Germany at 30.2%.

EU stocks are projected to fall to about 26% by the end of March, implying strong summer injections will be needed to reach 90% before next winter.

Higher LNG arrivals this week may ease pressure, while markets also monitor Ukraine Russia peace talks for supply implications.



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