European natural gas prices were down at least 5% at the start of the week as abundant global supply continued to weigh on the market. Earlier, the International Energy Agency stated that Europe imported a record 142 billion cubic metres of liquefied natural gas in 2025, marking a 28% increase from the previous year.
Furthermore, due to pressure from projections indicating warmer temperatures, natural gas prices in the US dropped by more than 6% on Monday to $3.4470 per million British thermal units.
For February contracts, UK natural gas futures fell 5.7% to go for 70.92 pence per therm at 2:22 pm CET. For the same month's deliveries, Dutch TTF natural gas declined 5.62% to €27.37 per megawatt hour.
https://breakingthenews.net/Article/Gas-prices-in-Europe-dip-over-5-on-oversupply/65424931
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.