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European Gas Prices Fall as LNG Surge Battles Arctic Blast

  • LNG imports at a record while traders monitor Asia situation
  • Freeze spurs demand after slow start to heating season
Updated on

European natural gas prices slumped as record imports of liquefied natural gas helped to offset a blast of winter weather that’s testing the region’s resilience to the energy crisis. 

LNG imports into northwest Europe have surged in recent weeks as high prices attract shipments. The continent is also seeking to prevent its gas stockpiles from dwindling as demand for heating soars.