SUBSCRIBE
PROFILE

Spanish PVB gas prices fall in April, remaining the cheapest in Europe

Natural gas prices in Spain continue to fall, reinforcing its position as the cheapest European market. Exports to France are increasing while domestic demand is growing.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Natural gas prices on the Spanish PVB hub continued to fall in April, confirming Spain’s position as the cheapest European gas market. According to S&P Global Commodity Insights, the average PVB gas price assessed by Platts for next-day delivery was €36.46/MWh in April, down 13.2% from March.

On an annual basis, prices have fallen by 59.95 euros/MWh compared to April 2022. For delivery the following month, the average price assessed by Platts was 36.697 euros/MWh in April, down 13.4% from March and 58.2% from April 2022.

Increase in exports

These price cuts maintain Spain as the cheapest natural gas hub in Europe, with all other markets having average prices above 40 euros/MWh for next-day and next-month delivery in April. Pipeline gas exports from Spain increased significantly in April, reaching 664 million cubic meters, up 56% from the previous month and 41% year-on-year.

Deliveries to France were particularly high due to the strikes that affected French LNG terminals. Spain exported 586 million cubic meters of gas to France in April, an increase of more than 90% compared to March and 27% compared to April 2022. In contrast, exports to Portugal were low, reaching only 2 million cubic meters.

Domestic demand increases slightly

Spanish end-user demand, including gas demand for heating and power generation, rose 12% year-on-year to 2.1 billion cubic meters in April. However, gas demand for heating alone was down 20% from the previous month and 13% year-over-year. Gas injections into storage facilities have increased significantly, reaching 235 million cubic meters in April, compared to only 9 million cubic meters in March and 159 million cubic meters in April 2022.

Overall, gas demand in Spain remained stable, reaching 3 billion cubic meters in April, slightly higher than March 2023 and slightly lower than April 2022. Gas supplies were slightly above demand, totaling 3.1 billion cubic meters in April, similar to March 2023 and April 2022. Gas withdrawals from storage facilities decreased to 7 million cubic meters in April, compared to 103 million cubic meters the previous month.

Spanish gas reserves were 89.6% full at the end of April, the third highest level among EU countries, after Portugal and Sweden. There were no pipeline imports from France to Spain in April, in line with the previous year’s data.

  • Popular on energynews.pro
B.Grimm Power Acquires 25% Stake in 406 MW Hydropower Portfolio in the United States
Exxon Mobil Maintains Venezuela Ambitions Despite Donald Trump’s Reservations
Endesa Suffers Cyberattack Exposing Personal Data of Its Spanish Customers
Antero Resources Raises $750 Million Through Bond Offering to Fund Acquisition
KKR and RWE Partner to Develop 3 GW of Offshore Wind in the United Kingdom
Aramco Signs 2 mtpa LNG Supply Deal with Commonwealth LNG
Saudi Aramco strengthens its global gas strategy by concluding a long-term supply contract with US developer Commonwealth LNG. The agreement covers volumes of up to 2 million tonnes per year.
Waga Energy Secures 20-Year Contract to Produce 180 GWh of Biomethane in Florida
Hillsborough County entrusts Waga Energy with biogas upgrading at its Lithia site. The production unit, equipped with WAGABOX® technology, is expected to inject biomethane annually into the local gas network.
CB&I Wins 2.0 BCF LNG Storage Contract from We Energies in Wisconsin
CB&I will design and build a full-containment LNG tank in Wisconsin for We Energies, at the historic site of North America's first peak shaving facility.
Global Gas Turbine Market to Reach $55 Billion by 2032 with 8.49% Annual Growth
According to a Credence Research study, the global gas turbine market is expected to double by 2032, driven by growing electricity demand and integration with renewable energy sources.
Engie to Supply 0.8 Mt/year of LNG to Gulf Development Over 15 Years
French group Engie has signed a 15-year liquefied natural gas supply contract with Gulf Development, a Thai power plant operator. Deliveries will begin in 2028 with volumes of up to 0.8 million metric tons per year.
Afreximbank Grants $64M to Levene Energy to Acquire 30% Stake in Axxela in Nigeria
The pan-African bank finances Levene Energy's entry into West African gas infrastructure. The transaction marks a strategic diversification for the Nigerian trader, historically positioned in oil and refined products.
EU Ban on Russian Gas Opens Strategic Opportunities for Africa
The European Union will ban Russian gas imports starting in 2026. With 620 trillion cubic feet of proven reserves, the African continent could become a preferred supplier while addressing its own energy needs.
Petronas Files Motion at Malaysia’s Federal Court to Clarify Sarawak Gas Operations
The Malaysian energy giant is asking the country's highest court to rule on the legal framework applicable to its operations in Sarawak State, after failed negotiations with Petros over gas distribution.
Iraq Loses Up to 4,500 MW After Interruption of Iranian Gas Supplies
Iraq's electricity ministry indicates no signs point to an imminent resumption of Iranian gas supplies. The halt, which occurred in December, has deprived the national power grid of 4,000 to 4,500 MW.
New Zealand Energy Corp. Appoints Chief Operating Officer to Lead Tariki Gas Storage Project
The Canadian producer listed on the TSX Venture Exchange strengthens its leadership team with the appointment of Justin Post as Chief Operating Officer to accelerate the development of its gas storage project in New Zealand.
Africa Bets on Floating LNG to Meet 60% Surge in Gas Demand
The African continent is accelerating the deployment of floating liquefied natural gas infrastructure to monetize its offshore resources. This modular technology would reduce production lead times and mitigate security risks.
Lebanon: TotalEnergies, Eni and QatarEnergy Sign Block 8 Exploration Agreement
The consortium led by TotalEnergies secures exploration rights for Lebanon's offshore Block 8. This agreement, ratified on January 8, 2026, marks a milestone for a country facing unprecedented economic collapse.
TPAO and ExxonMobil Sign Exploration Agreement Covering Black Sea and Mediterranean
The Turkish national oil company and the American major have formalized a memorandum of understanding in Istanbul. This partnership targets expansion of Black Sea operations, opening of new Mediterranean zones, and projects in Somalia.
ICE Extends TTF and NBP Trading Hours to 22 Hours Starting February 2026
The Intercontinental Exchange will align its European gas contracts and German power with Asian and American time zones. This extension to nearly 22 daily hours responds to the continental gas market's shift toward LNG.
BPCL launches tender for 4 to 8 annual LNG cargoes over ten years
Indian refiner Bharat Petroleum Corporation Limited seeks to secure its liquefied natural gas supplies with a long-term contract starting in 2026, indexed to multiple international price benchmarks.
Malaysia boosts gas-fired power generation by 28% in December 2024
Malaysia increased its natural gas power generation while reducing coal dependence in December. This shift comes as domestic gas production reaches its highest level in three years.
Sumitomo considers opening an LNG trading desk in Singapore
The energy subsidiary of Sumitomo Corp is exploring the establishment of a liquefied natural gas trading operation in Singapore, following its London presence set up last August.
Japan Protests Against Chinese Drilling Vessel in East China Sea
Tokyo denounces the presence of a Chinese drilling vessel in a disputed exclusive economic zone. This operation, reportedly targeting a gas field, reignites tensions between the two Asian powers.
Egypt seals deal with Qatar to secure up to 24 LNG cargoes
The protocol signed between Egypt and Qatar outlines LNG exports to meet seasonal energy demand, as domestic gas production continues to decline.
Energy Transfer plans up to $5.5bn in gas investments for 2026
Energy Transfer expects up to $17.7bn in consolidated EBITDA for 2026 and plans to invest up to $5.5bn, primarily focused on expanding its gas network in the United States.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.