European Gas Prices Drop to Lowest Since June Amid LNG Influx
- Benchmark gas futures slump below €100 per megawatt-hour
- Ample supplies and falling demand keep prices in check
The Hoegh Esperanza LNG floating storage regasification unit, part of the Wilhemshaven LNG Terminal operated by Uniper SE, in Wilhelmshaven, Germany, on Dec. 17.
Photographer: Liesa Johannssen/BloombergThis article is for subscribers only.
European natural gas fell to the lowest level since June 14 as near-record LNG imports and fuller-than-normal inventories further ease supply concerns.
Benchmark futures settled 7.5% lower, falling below €100 for the first time in more than a month. Temperatures in much of the continent remain mild amid an influx of liquefied natural gas, which is helping to push prices lower. Increased wind generation is also keeping a lid on gas use.