European Gas Slides as Higher LNG Flows Counter Mideast Tensions
- Benchmark Dutch gas contract falls after fluctuating earlier
- Several LNG vessels diverted from Asia on recent price spikes
Some weather forecasts signal a cold start to November.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
European natural gas prices fell, with traders weighing a recent increase in seaborne supply against ever-present worries about the conflict in the Middle East.
Benchmark futures declined as mush as 1.7% after fluctuating earlier. Flows from terminals that import liquefied natural gas in northwest Europe rose to the highest since April earlier this week, grid data compiled by Bloomberg show.