European Gas Prices Fall to Lowest in Four Weeks on Tepid Demand
A Liquified Natural Gas tanker docked at Grain LNG importation terminal on the Isle of Grain near Rochester, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
European natural gas prices fell to the lowest level in four weeks, due to weak demand and the winding down of maintenance in Norway.
Benchmark futures in the Netherlands slumped 4.7% at their lowest level for the day, while UK prices also eased. Hot weather in some countries failed to translate into significantly higher demand for cooling needs, at the same time that ample storage — sites on the continent are now about 80% full - helped to keep a lid on prices.