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Europe Gas Prices Drop as Nations Ramp Up Efforts to Ease Crisis

  • Gas inventories on continent are about 86% full as of Saturday
  • Demand will rise as winter heating season starts next month
Updated on

European natural gas futures fell again to their lowest level in almost two months as nations intensify efforts to ease the energy crisis with the start of the heating season less than two weeks away.

Benchmark prices dropped as much as 8.8% on Monday, extending last week’s decline. Germany, the U.K. and others plan to spend billions to ease their reliance on Russian imports, rescue local energy companies, and cap prices to alleviate pressures on businesses and households.