Europe’s Gas Prices Drop To The Lowest Level Since September 2021 ...Middle East

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Europe’s Gas Prices Drop To The Lowest Level Since September 2021
Milder weather, the end of a supply outage in Norway, and expectations of stronger winds in northwest Europe sent on Monday European benchmark natural gas prices down by 4% to the lowest level since September 2021. Europe is more confident that there will be no gas shortages until the end of this winter, while the Freeport LNG export facility in the United States sent out the first shipment from storage since a fire halted exports in June 2022. These factors also dragged the TTF price, Europe’s benchmark, down by 4% to $54.50 (51 euros) per…

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