European Natural Gas Prices Plunge As Norwegian Supply Rises ...Middle East

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European Natural Gas Prices Plunge As Norwegian Supply Rises
source : OILPRICE ( Middle East ) () 24
Europe’s benchmark natural gas prices extended last week’s losses to drop by nearly 3% midday in Europe on Monday after a prolonged maintenance period on a key Norwegian gas supply route ended this weekend. The front-month futures at the TTF hub, the benchmark for Europe’s gas trading, traded at $28.32 (25.22 euros) per megawatt-hour (MWh) as of 11:57 a.m. GMT on Monday, down by 2.84% on the day.   Last week, Europe’s gas prices posted their biggest weekly loss for this year, 22%, as Norwegian gas supply increased following…

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