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Investing.com -- European natural gas prices are maintaining stability near their lowest level in three weeks. This comes after a turbulent start to 2025, with prices experiencing significant fluctuations.
Benchmark futures were trading close to €50 per megawatt-hour on Monday. This followed a sharp decrease from a two-year peak last week, which effectively wiped out most of the gains made earlier in the year.
In recent weeks, Europe saw a surge in gas prices as cold weather led to swift depletions from its gas reserves. This sparked concerns among traders about the potential inability to source sufficient gas to replenish these reserves during the summer.
However, discussions at the European Union level about potentially relaxing storage requirements have contributed to alleviating some of these worries.
The current weather conditions are also playing a role in easing concerns, with temperatures in the northwest expected to exceed the usual seasonal levels in the upcoming days.
Additionally, Europe's imports of liquefied natural gas have seen a recent increase, which has helped to slow down the rate of inventory withdrawals.
The Dutch front-month futures, which serve as Europe's gas benchmark, remained relatively unchanged at €50.68 per megawatt-hour as of 11:00 AM in Amsterdam.
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