Despite concerns over LNG supply, European natural gas prices are set to end the week lower

Golden Ten Data reported on April 17 that although supply disruptions of liquefied natural gas in the Middle East remain a concern, European natural gas prices are still expected to register a decline of over 4% this week. Analysts from ANZ Bank stated: “The region competes with Asia for liquefied natural gas cargoes, as more imports are now needed to replenish depleted natural gas inventories. Predictions of falling temperatures in Northwest Europe are also temporarily supporting fuel demand and slowing the pace of inventory accumulation.” In early trading, the Dutch TTF benchmark futures contract fell by 1.6% to 41.74 euros per megawatt-hour, as optimism regarding US-Iran negotiations and a ceasefire agreement between Israel and Lebanon eased concerns over prolonged conflict.