Natural Gas news and market movers: European market weak spot
- Bloomberg energy reported this Monday that Natural Gas demand in Asia has moved back to pre-pandemic levels. India is projected to even surpass its pre-pandemic demand for Gas, with more new plants set to come online in 2024-2025.
- Gas flows at the US Freeport facility in Texas are still reduced and lower production is set to remain until the end of April.
- A cold front is set to hit Europe next week, possibly reducing the continent’s reserves further.
- Ole Sloth, head of commodity strategy at Saxo Bank, said that the recent attacks from Ukraine on Russian facilities should be factored in as a reason for higher Natural Gas prices.
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