European Gas Tumbles Below €30 for First Time Since June 2021
- Weak demand and rising stockpiles have contributed to slide
- Warmer-than-normal weather seen for parts of region next week
This article is for subscribers only.
European natural gas futures slumped below €30 for the first time since June 2021 in a stark reversal of last year’s market chaos and a sign of tepid demand as Europe recovers from its energy crisis.
The region has amassed high stockpiles after a mild winter as it rushed to import liquefied natural gas and curbed consumption. But demand remains weak amid an uncertain economic outlook and a seasonal lull.