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Investing.com -- European natural gas prices decreased in early trading as markets prepare for U.S. tariffs that will affect numerous countries this week.
The benchmark Dutch TTF contract fell 0.6% to €33.90 a megawatt hour.
Analysts at ANZ noted that slower-than-expected economic growth in China would reduce overall energy demand, with liquefied natural gas (LNG) consumption being particularly affected.
The upcoming high tariffs could increase the amount of non-U.S. LNG entering the market, which would ease global supply constraints and put downward pressure on North Asian LNG prices.
This development might reduce concerns about Europe’s ability to replenish its gas storage before winter arrives. According to Gas Infrastructure Europe, an industry group, European Union storage facilities are currently 60% full.
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