European gas prices volatile as Trump lifts moratorium on new export licenses Investing.com
Investing.com — Prices in Europe fluctuated as U.S. President Donald Trump lifted a pause on new export permits, reducing uncertainty about global supply over the long term.
Dutch front-month futures, which serve as Europe’s gas benchmark, were up 0.3% slightly at €48.00 per megawatt-hour by 8:32 a.m. in Amsterdam. This followed a rise of more than 2% in the previous session, indicating a turnaround in the benchmark futures.
The US president revoked a restriction imposed by his predecessor, paving the way for new license applications for US liquefied natural gas exports. Trump also repeated his appeal to the European Union to buy more American oil and gas to avoid tariffs. The USA is already the largest supplier of LNG to Europe.
According to a report published by the International Energy Agency on Tuesday, European LNG imports could see an increase of more than 15% in 2025, after falling last year. However, the balance in the global gas market remains delicate.
Since the energy crisis three years ago, Europe has been successful in diversifying its sources of supply. Despite this, the current heating season has shown its vulnerability.
The cold weather, after two relatively mild winters, resulted in a faster than usual depletion of gas supplies. As a result, European gas prices remain high, prolonging the period of discomfort for consumers.
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