European Gas Prices Climb as Windless Weather Boosts Fuel Demand
- UK’s gas-fired generation soars, making up for wind’s plunge
- LNG deliveries have recently been seasonally low on average
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European natural gas prices rose the most in more than a week as windless weather across the region bolsters demand for the fuel.
Benchmark futures settled 2.9% higher on Monday, the biggest gain since Oct. 25, after sliding at the end of last week. The UK equivalent contract also advanced.