Gas prices in Europe slip as fundamental drivers take over

The prospect of cooler temperatures in some countries in Europe this week is not expected to significantly affect gas prices, mainly because of generally comfortable supplies. Nervousness caused by the tensions between Russia and Ukraine seems to have dissipated over the past trading sessions, with the front-season price at the hubs mostly trending downwards.

The day-ahead price at the NBP, the most liquid hub in Europe, shed 2.5 p/th week on week, ending at 55.5 p/th on 21 March, mostly driven by weak demand for heating...