European Gas’s Near-Term Risks Are Stealing Winter’s Thunder
- September contract’s discount to October is narrower this year
- Norway maintenance and Russia transit dominate concerns
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Europe’s natural gas market is facing array of near-term risks, lifting near-term prices before the start of the heating season.
Benchmark futures for next month have been trading at a smaller discount than usual to October, indicating that the market is jittery about immediate disruptions, rather than a lack of winter supplies.