European Natural Gas Prices Fall On Weak Global Demand ...Middle East

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European Natural Gas Prices Fall On Weak Global Demand
source : OILPRICE ( Middle East ) () 59
Benchmark natural gas prices in Europe fell early on Wednesday as global demand for LNG is subdued, European inventories are higher than usual, and renewable energy output has increased in recent days. The front-month futures at the TTF hub, the benchmark for Europe’s gas trading, are trading at around $26.70 (25 euros) per megawatt-hour (MWh), their lowest level in two years. Prices have dropped by as much as 65% since the start of this year and by 90% since the August 2022 record-high of over $320 (300 euros) per MWh. Weak demand from the…

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