EUROPEAN NATURAL GAS PRICES EDGE UP IN EARLY TRADE

EUROPEAN NATURAL GAS PRICES EDGE UP IN EARLY TRADE
EUROPEAN NATURAL GAS PRICES EDGE UP IN EARLY TRADE

European natural gas prices went up slightly by 0.2%, reaching €46.36 per megawatt hour.

Prices had fallen earlier in January.

The earlier price drop happened because of warmer weather and steady LNG supply to Europe.

Another reason for the price drop was the loss of Russian gas due to the end of a transit deal with Ukraine.

Gas storage levels also went down, affecting prices.

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