European Gas Prices Hit Lowest Point Since May 2024
Market Intelligence Analysis
AI-PoweredEuropean gas prices have hit their lowest point in 1.5 years, driven by strong LNG flows, milder temperatures, and negotiations about the end of the war in Ukraine, with the Dutch TTF Natural Gas Futures falling 1.3% to $34.36 (29.795 euros) per MWh.
Market impact analysis based on bullish sentiment with 82% confidence.
Article Context
European benchmark natural gas prices slipped below the key threshold of 30 euros per megawatt-hour (MWh) on Monday, for the first time in a year and a half, amid strong LNG flows, milder temperatures, and negotiations about the end of the war in Ukraine. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, fell by 1.3% at $34.36 (29.795 euros) per megawatt-hour (MWh) at 9 a.m. in Amsterdam on Monday. That’s the first time the benchmark futures prices have slipped below 30 euros per MWh since May 2024. …
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