Dutch gas prices rise to highest intraday level since January 2023

Northwest European gas demand is forecast to rise by 350 gigawatt-hours (GWh) per day on the day-ahead market due to cooler temperatures and weaker wind generation, providing additional support to prices, LSEG analyst Yuriy Onyshkiv said.

"It looks increasingly like 2021, when several factors contributed to the increase in gas prices over the year," said Anne-Sophie Corbeau, a research scholar at Columbia University's Center on Global Energy Policy.

In the European carbon market, the benchmark contract CFI2Zc1 rose by €1.10 to €86.36 a metric ton.

Europe's gas stores are 67.12% full, compared to 79.48% a year ago, latest data from Gas Infrastructure Europe showed.