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Despite multiple maintenance and outage events weighing on LNG supply and dwindling storage levels, European natural gas prices were cooling again while Asian buyers kept drawing cargoes.
After rising almost 7% starting on June 10, European gas prices began falling Friday (June 14), according to Mizuho Securities USA LLC. They were still well below Asian prices, which rose more than 2% to above $12/MMBtu.
Analysts with trading house Energy Danmark wrote “ongoing supply concerns” were stoking the Dutch Title Transfer Facility (TTF) contract for July, but the modest downturn did not mean the market has calmed its nerves.
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