From Investing.com: 2024-02-22 06:07:00

Demand for natural gas in Europe is falling, with a peak in LNG prices expected soon. Warmer winter and increased supply diversification favor price declines, reaching lows near 20 euros. Europe may not face supply issues for the upcoming winter, thanks to reduced gas consumption and increased LNG imports.

Germany leads the reduced natural gas consumption trend in Europe, down by 20% between 2021-2023. LNG imports from the US, Russia, and Qatar have increased while renewable energy use rises. European gas demand is expected to peak in 2025 before decreasing in favor of renewable energy sources.

Recent decline in natural gas prices attributed to warm winters in France and Germany. Deliveries from Norway and storage facility average fill of 67.87% help stabilize prices. No major threats to energy crisis in Europe, welcoming news for the economy as prices may drop to 20 euros per MMBtu.

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Read more at Investing.com:: Natural Gas: Prices Could Test Last Year’s Lows on Ample Storage, Warm Weather