Market Intelligence
European LNG Prices Surge to Highest Point Since 2023
Liquefied natural gas prices in Europe have climbed to their highest levels since 2023 following shipment disruptions and depleted storage reserves.
European liquefied natural gas prices have risen to their highest level since 2023, reflecting increasing pressure on the regional energy market.
The escalation in prices comes as shipments face disruption linked to conflict involving Iran. These transport interruptions have restricted seaborne deliveries destined for the continent.
Market conditions were already fragile prior to the supply bottlenecks, with natural gas inventories across Europe sitting at low levels. The combination of diminished storage and curtailed flows has exacerbated supply tightness.
Source attribution
This report was written by the Global Freight editorial desk based on material published by Financial Times. It is an original summary and analysis, not a reproduction of the source text. Figures and claims are limited to those present in the source material.
European LNG prices surge to highest level since 2023Global Freight Briefing
The commodity and freight brief, twice weekly
Concise coverage of fuel oil, energy trading and shipping markets for professional readers. No promotional content.
Related coverage
Related blogs
Further reading across commodity trading, energy and oil markets, fuel oil and shipping logistics.
- Market Intelligence
Black Sea Shipping Disruptions Drive Up Global Wheat Prices
Wheat values have climbed as maritime conflict in the Black Sea causes grain export volumes from both Russia and Ukraine to decline sharply.
- Market Intelligence
Dangote Refinery Powers Seven-Fold Surge in Nigerian Fuel Exports
Seaborne petroleum product exports from Nigeria have multiplied seven-fold since 2023, bolstered by output from the Dangote refinery amid tight global supplies.
- Shipping & Ports
Hormuz Talks Ease Oil Prices While Freight Rates Hold at Record Highs
Crude values have fallen following diplomatic engagement between Iran and Oman, though maritime transport costs persist at historic peaks.
- Shipping & Ports
Chinese Container Carriers Set for Profit Surge as Freight Rates Hit Two-Year High
Stronger freight rates driven by trade tariff concerns and ongoing logistics disruptions are expected to deliver substantial profit gains for Chinese box carriers.
- Commodity Trading
Alkagesta joins the Platts EMEA naphtha physical Market on Close process
Approval to participate in the S&P Global Commodity Insights benchmark process follows an editorial review of the trading house's European naphtha activity.
- Energy Trading
Alkagesta adds EU ETS allowances to its carbon trading offering
The Malta-based commodity trading group has extended its carbon markets desk to cover EU Emissions Trading System allowances alongside CORSIA-eligible SAF and biofuels.