German Natural Gas Futures Hover at 7-Month High in General Energy News 23/01/2026 German natural gas futures rose to above €39/MWh, the highest since June 23, as rapid storage withdrawals in recent weeks tightened the supply outlook. Fuel inventories have been drawn down quickly, raising concerns over the region’s fragile supply balance ahead of another expected cold spell across Europe in the coming days. Continental European gas storage has fallen to about 48.4% full, well below roughly 59.3% at the same time last year, while German storage is even lower at around 40.5%. Also, US gas flows were diverted from LNG export facilities to meet strong domestic demand during an Arctic blast, while colder weather in Asia intensified competition for LNG cargoes. However, geopolitical risk premiums eased after President Donald Trump said he would refrain from imposing tariffs on European countries opposing his plans to take control of Greenland. Trump added that a framework for a future deal had been discussed following a meeting with NATO Secretary General Mark Rutte. Source: Trading Economics 2026-01-23 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share