After reaching a two-month high of 159/MWh, i prices from gas they have dropped significantly (138) but remain well above the minimum reached on 11 November (97.8). How can this new rise be explained? First with the factor climategiven that the bullish moments mainly coincided with the lowering of temperatures which affected all of Europe.
As a result, the demand for heating has increased and inventories have decreased, so the increase in prices we are witnessing is part of the logic of the market. Even colder temperatures are expected for the next two weeks: according to forecast models, much of Europe will have to deal with an Arctic perturbation, with the United Kingdom and the Nordic countries which will be the most affected. However, gas reserves are fuller than normal and large LNG imports have compensated for the decline in gas flows from Russia, but the prospects remain difficult.
According to industry experts, demand will soon have to decrease and more LNG imports may also be needed to get through the winter. In the meantime, at the political level, discussions continue on the hypothesis of imposing a European ceiling on the exchange price of gas. This was also a theme treated by Sergio Mattarella and Ursula von der Leyen, who met on Wednesday 7 December in Milan.
