European Gas Posts Third Weekly Drop as Impact of War Is Limited
- Mild weather, high storage and LNG at sea are curbing prices
- US placed sanctions on critical Russian LNG project in Arctic
This article is for subscribers only.
European gas futures declined for a third consecutive week, with the market seeing limited impact from the Israel-Hamas war that erupted early last month.
While the war initially interrupted some flows from Israel to Egypt — which in turn sends liquefied natural gas to Europe — concerns about risks to global supplies have subsided as the conflict has been contained regionally.