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0916 GMT – European natural-gas prices continue to trade below 30 euros a megawatt hour on signs of ample supply amid strong LNG imports and steady Norwegian flows. The benchmark Dutch TTF contract falls 0.8% to 29.50 euros a megawatt hour and is down 7.1% on the week. “Ukrainian peace talks weighed on prices somewhat, while weather forecasts for December suggest milder-than-usual temperatures after a recent cold spell,” analysts at ING say. Colder weather in recent days led to gas storage in the EU falling more rapidly. According to industry group Gas Infrastructure Europe, EU gas storage is now 78.7% full, below the five-year average of 89%. ([email protected])
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