EU Gas Prices Fall to Ten-month Low As Weather Stays Unseasonably Warm

ER Editor: We recommend checking this out – Significant warming develops over Europe for the Christmas holidays and continues next week, right as Winter Season officially starts:

Winter Season 2022/23 officially started on Wednesday, December 21st. But nature takes a warm path. At least the majority of Europe, while Scandinavia had some decent wintry days recently. This weekend, as we have the Christmas holidays, the weather pattern across Europe is forecast to ramp up the warmth. Temperatures will be well above average across a large part of the continent. Mid-term predictions do not favor significant changes to cold-season weather anytime soon, at least until January starts.

Besides the overseas news, we haven’t seen much winter weather reporting lately. This month’s general circulation across the Northern Hemisphere has introduced a sharp contrast between Asia and North America against Europe on the other side.

We recall reporting on those Rothschild / Rockefeller-owned LNG ships waiting off the coast of Spain, in anticipation of a cold turn to make maximum profit on US LNG, priced several times higher than Russian gas. See LNG Ships Waiting Off Spain For Higher EU Prices to Unload


Has this unseasonably warm weather, we wonder, got anything to do with weather manipulation, as the massive cold spell in the US & Canada likely has? If so, a very big thank you on behalf of many Europeans.

Remember all those scare predictions? Has some nasty agenda been spiked?


EU gas prices fall to ten-month low

Analysts say the decline is due to unseasonably mild weather


Natural gas prices in the EU fell this week to levels not seen since before the start of Russia’s military operation in Ukraine, data from the London Intercontinental Exchange (ICE) shows.

The costs of front-month natural gas futures on the TTF hub in the Netherlands plunged in recent weeks to below €77 ($81.91) per megawatt hour (MWh) in household terms, a level not seen since February. They were trading at around €81.5 ($86.73) on Thursday morning.

EU gas prices fall to ten-month low

At their peak in August, European gas prices topped €345 ($367) MWh, sending household energy bills soaring and fueling a cost-of-living crisis across much of the continent.

The current decline in prices is attributed to several factors, including unseasonably warm winter weather in much of northwestern Europe, which has helped reduce demand for heating.

EU countries agreed last week to set an emergency cap on wholesale gas prices at €180 ($191) per megawatt-hour, which would be triggered if gas futures trade at a higher level for three consecutive days. The measure will take effect on February 15 and is aimed at protecting consumers from gas price hikes.

In November, Goldman Sachs predicted a sharp drop in European gas prices in the coming months due to a stabilizing situation with storage levels.

However, despite the current decline, gas prices remain several times higher than the long-term average. (ER: Is this due to manipulation?) Prior to spiking to historic highs this year on concerns over Russian energy supplies, TTF gas spot prices were trading in a €10-25 MWh range in the 2017-2019 period. In 2020, the market was hit by Covid-induced demand shock, followed by the exponential price rise this summer.



Featured image, severe weather map:

Featured image, EU map:

Featured image, stock price chart natural gas: Westlight/Shutterstock


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