Business
Europe Gas Heads for Sharp Annual Drop as LNG Surge Calms Market
SOURCE:Bloomberg|BY:Elena Mazneva
European natural gas prices are heading for a sharp annual drop despite unusually low inventories, a sign of how dramatically the market has changed since the energy crisis as a wave of LNG reshapes supply expectations.
European natural gas futures steadied in the tight range they’ve been stuck in since the start of the month as traders weighed strong supply against colder weather.