European Gas Prices Fluctuate Amid Weather and Supply Concerns
- Russia’s Gazprom decided not to cut gas flows towards Moldova
- Weather forecasts point to temperatures below seasonal norms
Weather forecasts point to temperatures below seasonal norms across Europe over the next weeks.
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Natural gas prices in Europe fluctuated on Monday after Russia’s decision to continue flows via Ukraine, while weather forecasts point to cold temperatures ahead.
Benchmark futures pared losses after falling as much as 6.8%. Russia’s Gazprom PJSC announced early on Monday that it will not curb gas shipments to Moldova via Ukraine, as it had threatened, easing worries that it might eventually completely halt supplies in its last remaining active route to Europe.