European Natural Gas Prices Supported as Market Remains Tight
Dow Jones
8 hours ago
0751 GMT - European natural gas prices remain well supported, with the Dutch TTF contract trading down 0.3% at 82.265 euros a megawatt-hour. Prices show little prospect of falling further as escalation in the Middle East dents chances of an imminent pickup in LNG flows from the Persian Gulf, ING analysts write. The global LNG market will therefore be tight as the Northern hemisphere enters its heating season and means Europe will struggle to hit the lower end of its storage targets, which aims for at least 75%, ahead of winter, they say.
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