(Montel) European front-month gas contracts remained flat on Tuesday as colder weather expectations were outweighed by strong LNG supply and ample storage levels.
The benchmark Dutch TTF gas front-month contract rose EUR 0.06 to trade at EUR 134.75/MWh on Ice Endex. The equivalent on the UK’s NBP hub was trading up 3.61p at 338.99p/th.
Cold air from the north would bring temperatures across continental Europe down to 3-6C below the seasonal norm this week, according to weather service SMHI.
However, longer-range forecasts showed that temperatures would eventually reach normal levels in…