European Natural Gas Prices Ease From 2024 Highs

European Natural Gas Prices Ease From 2024 Highs

OilPrice.com

Published

European benchmark natural gas prices have dropped from their highest level this year as concerns about a possible halt to Russian pipeline supplies via Ukraine have eased. The Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, were up by 0.3% as of 11 a.m. local time in Amsterdam on Tuesday, recovering from a 2% drop earlier in the trading session. However, the front-month price has dropped below $43.70 (40 euros) per megawatt-hour (MWh) this week, after soaring at the end of last week above this threshold – and…

Full Article