European gas prices have decreased because of robust LNG supply and increasing demand.

Wholesale gas prices in the Netherlands and the UK dropped on Friday morning, as ample liquefied gas supply countered rising heating demand.

According to LSEG data, the benchmark Dutch front-month contract fell by 0.44 euros to 31.95 euros per megawatt hour, or $10.84/mmBtu as of 0915 GMT.

The Dutch day-ahead contracts decreased by 0.67 euros to 32.13 euros/MWh.

The British gas day-ahead price dropped by 0.40 pence to 82.10 pence per therm.

LSEG analyst Oleh Skrynyk noted that Northwest Europe LNG exports rose by 92 gigawatt hours per day to 2,322 GWh/d, mainly due to increased nominations from France.

Heating demand increased by 144 GWh/d to 1,490 GWh/d, while gas for power demand also rose by 364 GWh/d to 2,775 GWh/d because of cooler weather and lighter winds.

Norwegian exports remained steady at 312 GWh/d, though the Troll field outage and upcoming reductions present a slight risk premium.

Skrynyk indicated that the market is likely to trade within a range with a slight upward tendency, driven by milder winds and demand increases, but higher LNG prices and reduced Italian imports may limit any gains.

Due to lower-than-anticipated demand, traders mentioned that Egypt plans to postpone 15 to 20 LNG cargo deliveries in Q4 of 2025 until the following year.

Engie’s EnergyScan analysts reported that this situation has contributed to lower gas prices in Europe.

Gas Infrastructure Europe announced that Europe's gas storage facilities are currently 82.82% full.

The benchmark contract on European carbon markets increased by 0.30 euros to 79.53 euros per metric ton.