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Investing.com -- European gas prices have declined, with Dutch TTF prices dropping to the low-€30s per megawatt-hour as stable Norwegian supply continues to weigh on the market.
The cooling trend extends beyond Europe, as Asian spot prices have also fallen, with the JKM benchmark slipping below $12 per million British thermal units (mmBtu) due to subdued demand and stable liquefied natural gas (LNG) supply.
In the United States, Henry Hub natural gas prices have decreased to the low-$3s per mmBtu amid oversupplied markets and steady storage build.
The downward pressure on global gas prices comes as the storage trajectory and comfortable supply-demand balance persist. The hot weather narrative that previously supported prices is fading.
While weather-related risks remain present on both supply (storms) and demand (heatwave) sides, these factors are more likely to cause short-term price volatility rather than structural market shifts under current supply conditions.
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