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0925 GMT – European natural-gas prices fall in early trading, pressured by signs of progress in Ukraine-Russia negotiations and weather forecasts pointing to milder-than-usual temperatures in early December. The benchmark Dutch TTF contract is down 0.7% to 29.18 euros a megawatt hour. EU storage levels remain below the 90% target set for Dec. 1, though milder temperatures would allow the region to refill inventories despite the start of the heating season. However, ING analysts say weakness in the European gas market has widened the difference between gas prices in Europe and Asia. If this trend continues, it will be less profitable for suppliers to send LNG to Europe. ([email protected])
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