European Gas Retreats as Stable Flows Counter Sanctions Risk
- Dutch front-month futures declined after last week’s gain
- Austria says it won’t support EU sanctions on Russian gas
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Natural gas prices in Europe fell as stable supplies countered worries over fresh sanctions against top exporter Russia.
Benchmark futures settled 2.3% lower with robust inflows of liquefied natural gas to the continent, milder weather forecasts and high wind output in parts of Europe. Gas shipments from Russia via key pipeline routes are also broadly stable, helping keep prices in check even with mounting calls for new penalties against Moscow.