Europe Gas Drops as Mild Weather Forecast Eases Supply Concerns
- Benchmark futures fall as much as 11%, extending Monday’s loss
- Strong LNG flows, ample inventories help keep prices in check
The temperatures in northwest Europe are forecast to turn milder soon.
Photographer: Balint Porneczi/BloombergThis article is for subscribers only.
European natural gas dropped with fuller-than-normal stockpiles protecting against any supply curbs, while the demand outlook eased with an icy blast forecast to end soon.
Benchmark futures fell as much as 11%, extending Monday’s decline. The frigid weather has raised gas usage for heating, but high storage levels and strong deliveries of liquefied natural gas are calming nerves and helping to keep prices in check.