European Gas Slides to 17-Month Low as Energy Crisis Eases
- Sweden downgrades power-cut risk to ‘low’ from ‘real’
- Freeport LNG resumes shipments from tanks after shutdown
The Rosenlundsverket power plant, operated by Goteborg Energi AB, in Gothenburg, Sweden.
Photographer: Nora Lorek/BloombergThis article is for subscribers only.
European natural gas prices fell to the lowest level since September 2021 as confidence grows for energy stability in the region through the remainder of winter.
Benchmark futures slid as much as 4.8% to €51.39 per megawatt-hour. Sweden downgraded its risk of power cuts to “low” in a sign that the worst of the region’s supply crisis has passed — at least for now. Power prices also declined.