
European natural gas prices rose toward €54 per MWh on Thursday after falling to a three-week low in the previous session, amid lingering concerns over the outlook for gas supplies. Although risk premiums eased after Iran announced it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, the market remained supported by persistent supply-side concerns. LNG shipments through the key waterway continue to face significant disruptions, delaying summer cargoes from major exporters such as Qatar. These delays have complicated Europe’s winter stockpiling efforts, while strong competition from Asian buyers has further tightened LNG availability. Meanwhile, unusually hot weather across central and southern Europe has added to market pressures by increasing electricity demand for air conditioning.





