European Gas Slips Again as Ample Supplies Help to Soften Crisis
- Benchmark front-month futures head for a third day of declines
- Strong LNG flows, reserves and easing demand push prices down
This article is for subscribers only.
European natural gas fell for a third day as ample supplies and the return of milder weather help to ease the region’s energy crisis.
Benchmark futures declined as much as 4.8% before paring the loss. Demand is expected to soften in the next few days, with temperatures forecast to rebound following a cold snap. There are also expectations for more liquefied natural gas, as a key export terminal in the US takes steps to restart.