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European gas prices fall ahead of supply boost


25 Nov 2022 15:10

25 Nov 2022 15:10

(Montel) European gas prices were trading lower on Friday as the prospect of increased pipeline supplies offset forecasts for a cold snap that would boost heating demand. 

The benchmark TTF front-month contract was last seen down EUR 1.28 at EUR 122.50/MWh on Ice Endex. The UK’s NBP equivalent was down 11.69p at 280p/th on Ice Futures. 

The return of the IUK pipeline linking the UK and Belgium following maintenance until 1 December would help replenish any gas stocks used during early December when temperatures in northwest Europe are expected to drop below normal, a gas…

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