European natural gas prices extended their decline for a fourth consecutive trading session, hovering near five-week lows. Mild weather conditions and stable supply have kept the market in balance. Despite the region's extensive storage facilities remaining below seasonal average levels, strong seaborne imports and consistent pipeline flows from Norway in recent weeks have sufficiently met market demand. Forecasts indicate that mild weather is expected to persist in the coming weeks, which will help reduce further draws on inventories. As of 11:30 Amsterdam time, the benchmark European natural gas contract, the Dutch front-month futures, fell by 1.5% to €29.36 per megawatt-hour.
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