Europe’s November Gas Contract Plummets as Demand Collapses
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- Egypt plans to resume LNG exports this month after summer halt
Tourists rest in gardens near the Altes Museum in Berlin in September.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
European natural gas prices slumped as unusually warm weather destroys demand already eroded by weak industrial consumption.
The contract for November delivery declined as much as 9%, touching the lowest since December 2021. It has dropped more than 15% in the past week. Day-ahead prices plunged as much as 20%.