Europe’s Natural Gas Prices Steady Despite Heatwave ...Middle East

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Europe’s Natural Gas Prices Steady Despite Heatwave
Europe’s benchmark natural gas prices were steady on Wednesday as above-average inventories offset higher cooling demand in the prolonged heatwave that has gripped southern and central Europe.    The front-month futures at the TTF hub, the benchmark for Europe’s gas trading, traded at $30.64 (27.32 euros) per megawatt-hour (MWh) as of 12:43 p.m. GMT on Wednesday, slightly up by 0.9% on the day. On Monday, prices extended last week’s losses to drop by nearly 3% after a prolonged maintenance period on a key Norwegian gas…

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