Natural Gas News – June 16, 2025
Natural Gas News – June 16, 2025
Market Rallies as LNG Supply Risks Stir Bullish Sentiment
Natural gas futures rose 2.55% as traders reacted to rising LNG risks and a bullish U.S. weather forecast for late June. A 6% jump in
European gas prices followed Israel’s strike on Iran, fueling fears of LNG disruption in the Strait of Hormuz. Above-normal U.S.
temperatures forecast for June 23–27 may increase natural gas demand for electricity generation. Natural gas futures ended a fourday
slide on Friday, with July Nymex contracts rising 2.55% to settle at $3.581. The move was driven by renewed geopolitical risks and
weather forecasts suggesting stronger near-term demand. Traders took cues from a rally in European gas prices and mounting concerns
over global LNG flows, providing a short-term boost despite lingering supply headwinds. A 6% jump in European natural gas prices,
triggered by Israel’s military… https://tinyurl.com/3epdeeya
EU Pushes Back Proposals To Curb Reliance On Russian Nuclear Fuel
LUXEMBOURG, June 16 (Reuters) – The European Commission will not propose measures to limit the EU’s reliance on Russian nuclear
fuel this week alongside its proposals to ban Russian gas, EU energy commissioner Dan Jorgensen said on Monday. The Commission is due to propose legal measures this week to end the EU’s Russian gas imports by the end of 2027 – an aim the EU executive announced last month. The Commission had said it would also propose, in June, trade measures targeting enriched uranium, to make imports from Russia less attractive and encourage countries to switch to other suppliers. “That will also come, but in the first stage, we’ll be focusing on the gas,” Jorgensen told reporters on Monday, when asked about the timing of the nuclear proposals. He did not specify a new date for… For more info go to https://tinyurl.com/5n7nppj5
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