European natural gas rises to a one-month high as cooling temperatures test demand

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智通财经2026/10/12 11:37

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European natural gas prices rose on Monday, with benchmark futures surging as much as 2.6% intraday, reaching their highest level in nearly one month.
Prices have increased for the fifth consecutive trading day, with cumulative gains of about 15% since early October.
A spell of colder weather expected next week is likely to test demand, while global supply flows are facing renewed risks.
Europe is entering the heating season with inventories below the seasonal average, and the supply tensions caused by the Middle East conflict show few signs of easing in the short term.
The escalation of hostilities last weekend may reverse the recent rebound in LNG exports from the region; before the conflict, the area accounted for about one-fifth of global supply flows.
Overall, gas prices are supported by cooling forecasts and low inventory levels, while heightened geopolitical risks add to supply uncertainty. Moving forward, attention should be paid to weather changes and the impact of the Middle East situation on LNG flows.

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European natural gas rises to a one-month high as cooling temperatures test demand

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