Stock market today: S&P 500 closes at fresh record ahead of Nvidia earnings
Investing.com -- European natural-gas prices declined in early trading Monday, with the benchmark Dutch TTF contract dropping 1.1% to €33.20 per megawatt hour.
Gas inventories across the European Union are currently at nearly 76% capacity, according to data from Gas Infrastructure Europe. This level stands significantly below last year’s 91% and is also lower than the five-year average of 83%.
Several factors are providing support for prices despite today’s decline. Market optimism has faded regarding a potential meeting between Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin. Additionally, traders are concerned about upcoming maintenance work at Norwegian gas facilities.
In Asia, liquefied natural gas (LNG) activity has increased as buyers work to rebuild inventories following the summer period. Data from ANZ Research shows that imports into China, Japan, and South Korea have risen based on a 30-day average. Chinese daily intake reached its highest level since January.
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