European Gas Falls Further Amid Mild Weather and Ample Supplies
- Temperatures are forecast to stay mild over the holiday period
- LNG imports remain high and demand is easing as year ends
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European natural gas prices fell for a fifth day as temperatures are forecast to stay mild into the new year while supplies remain plentiful.
Benchmark futures declined as much as 7%, after closing at the lowest level since mid-June on Wednesday. Prices have been sliding over the past two weeks with mild and windy weather curbing demand for gas. Industrial consumption, already curbed by high prices earlier in the year, typically eases during the holiday season.