European gas market shows subdued interest in preliminary storage auctions

European natural gas storage auction prices for 2025 capacity point to potential supply risks over coming months that continue to provide support to season-ahead contract prices, tightening the next summer-winter spread significantly. France’s Storengy, the country’s largest storage operator with a technical capacity of 95.4 TWh, saw a clearing price in its Oct. 2 auction of 32 euro cent/MWh for…European natural gas storage auction prices for 2025 capacity point to potential supply risks over coming months that continue to provide support to season-ahead contract prices, tightening the next summer-winter spread significantly. France’s Storengy, the country’s largest storage operator with a technical capacity of 95.4 TWh, saw a clearing price in its Oct. 2 auction of 32 euro cent/MWh for…Read More