European Natural Gas Plummets to 18-Month Low ...Middle East

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European Natural Gas Plummets to 18-Month Low
source : OILPRICE ( Middle East ) () 43
Forecasts of milder weather in the weeks ahead and the proposed U.S. peace plan for Ukraine pushed down on Friday European benchmark natural gas prices to their lowest level since May 2024.  Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, traded down by 2.5% at $35 (30.38 euros) per megawatt-hour (MWh) at 11 a.m. in Amsterdam. This was the lowest the benchmark price has been since May 2024, as the latest weather models predict milder temperatures in the weeks ahead after the current cold snap in northwest Europe. …

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