{"id":8690,"date":"2023-11-28T13:22:51","date_gmt":"2023-11-28T13:22:51","guid":{"rendered":"https:\/\/www.prfire.com\/news-releases\/telf-ag-publishes-update-on-european-gas-futures\/"},"modified":"2023-11-28T13:22:51","modified_gmt":"2023-11-28T13:22:51","slug":"telf-ag-publishes-update-on-european-gas-futures","status":"publish","type":"news-releases","link":"https:\/\/www.prfire.com\/news-releases\/telf-ag-publishes-update-on-european-gas-futures\/","title":{"rendered":"TELF AG Publishes Update on European Gas Futures"},"content":{"rendered":"<div class=\"trix-content\">\n<div>\n<strong>LUGANO, SWITZERLAND, September 19, 2023 &#8211; <\/strong>TELF AG, a full-service international physical commodities trader, has today released an article addressing the recent developments in European natural gas futures in its latest report titled, <a href=\"https:\/\/telf.ch\/telf-ag-on-european-gas-futures-september-19-2023\/\" target=\"_blank\" rel=\"noopener\">TELF AG on European Gas Futures \u2013 September 19, 2023<\/a>.<\/div>\n<div><\/div>\n<div>The article underscores the significant 8% surge in European natural gas futures, which peaked at \u20ac35.5 per megawatt-hour last Friday. This price escalation has been directly linked to the breakdown of union talks and the subsequent initiation of partial strikes at two of Chevron&#8217;s facilities in Australia.<\/div>\n<div><\/div>\n<div>As per TELF AG&#8217;s report, these facilities play a considerable role in the natural gas sector, accounting for over 5% of the global supply. Their primary role has been to serve Asia, which now faces potential disruptions in its LNG supply, especially if these strikes extend over a prolonged period.<\/div>\n<div><\/div>\n<div>The article also points to the muted gas demand in Europe despite the escalating prices. Europe currently boasts fuel reserves that are approximately 93% full, a remarkable achievement given that these are the highest levels documented for this period of the year. This milestone has been reached ahead of the European Union&#8217;s target date of November 1st.<\/div>\n<div><\/div>\n<div>TELF AG said that the prevailing high gas prices, which are about 50% above pre-invasion long-term averages, are affecting both households and pivotal industries. The article highlights the challenges that industries such as Germany&#8217;s automotive and petrochemical sectors face. As stated in the publication, there are growing apprehensions about potential relocations by energy-intensive industries if the current price trend persists.<\/div>\n<div><\/div>\n<div>In their concluding remarks, the physical commodities trader emphasizes the dynamic nature of the European gas futures landscape. The ongoing challenges at Chevron&#8217;s facilities in Australia and the upcoming winter demand from Asia indicate an eventful period for the gas industry.<\/div>\n<div>\n<br \/>To gain a more comprehensive understanding of these narratives, readers are advised to take a look at the <a href=\"https:\/\/telf.ch\/telf-ag-on-european-gas-futures-september-19-2023\/\" target=\"_blank\" rel=\"noopener\">full article<\/a>. For more insights and content, visit <a href=\"https:\/\/telf.ch\/media\/\" target=\"_blank\" rel=\"noopener\">TELF AG\u2019s Media Page<br \/><\/a>\n<\/div>\n<\/div>\n","protected":false},"author":1,"featured_media":8691,"menu_order":0,"template":"","meta":{"_acf_changed":false,"content-type":"","site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"news-rooms":[2644],"press-tags":[2645,2920,3314,3140,3313,3312,3122,3126,2659,3129,2626,2648,3128],"press-categories":[],"class_list":["post-8690","news-releases","type-news-releases","status-publish","has-post-thumbnail","hentry","news-rooms-telf-ag-media","press-tags-energy","press-tags-europe","press-tags-european-gas-futures","press-tags-ev-battery","press-tags-liquid-natural-gas","press-tags-lng","press-tags-logistics","press-tags-market-insight","press-tags-mining","press-tags-physical-commodities-trading","press-tags-stanislav-kondrashov","press-tags-telf-ag","press-tags-trade-finance"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.prfire.com\/wp-json\/wp\/v2\/news-releases\/8690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prfire.com\/wp-json\/wp\/v2\/news-releases"}],"about":[{"href":"https:\/\/www.prfire.com\/wp-json\/wp\/v2\/types\/news-releases"}],"author":[{"embeddable":true,"href":"https:\/\/www.prfire.com\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prfire.com\/wp-json\/wp\/v2\/media\/8691"}],"wp:attachment":[{"href":"https:\/\/www.prfire.com\/wp-json\/wp\/v2\/media?parent=8690"}],"wp:term":[{"taxonomy":"news-rooms","embeddable":true,"href":"https:\/\/www.prfire.com\/wp-json\/wp\/v2\/news-rooms?post=8690"},{"taxonomy":"press-tags","embeddable":true,"href":"https:\/\/www.prfire.com\/wp-json\/wp\/v2\/press-tags?post=8690"},{"taxonomy":"press-categories","embeddable":true,"href":"https:\/\/www.prfire.com\/wp-json\/wp\/v2\/press-categories?post=8690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}