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European Gas Posts Longest Declining Streak in More Than a Year

  • The number of U.S. LNG cargoes heading for Europe jumped
  • Russia books zero pipeline capacity offered by Ukraine Tuesday
Pipework at a gas receiving station, operated by Gascade Gastransport GmbH, in Mallnow, near Lebus, Germany, on Tuesday, Nov. 23, 2021. Europe is set to get its first cold spell of the winter season, putting the continent’s already scant energy supplies under pressure.
Pipework at a gas receiving station, operated by Gascade Gastransport GmbH, in Mallnow, near Lebus, Germany, on Tuesday, Nov. 23, 2021. Europe is set to get its first cold spell of the winter season, putting the continent’s already scant energy supplies under pressure.Photographer: Liesa Johannssen-Koppitz/Bloomberg
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European natural gas extended its declining streak to the longest in more than a year as shipments from the U.S. look set to ease the region’s energy crunch.

Benchmark Dutch front-month gas fell for a fifth day, dropping as much as 9.2% in Amsterdam. More vessels carrying liquefied natural gas are heading to Europe, raising expectations the new supplies will help to re-balance the tight market.