European Natural Gas Extends Drop on Steady Russian Flows
- Benchmark prices decline for seventh consecutive session
- Lower demand, ample supply of LNG help push prices down
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Benchmark European natural gas prices declined for a seventh session, amid signs of steady Russian flows and a warmer weather outlook for parts of the continent.
Orders for Russian gas shipments via Ukraine edged higher Monday, but remained below capacity, while the Yamal-Europe pipeline continued to flow eastward to Poland from Germany. Supplies through Russia’s main pipeline to Europe, Nord Stream, remain high and stable.