European gas prices continued to decline, as higher-than-average temperatures and weak Asian demand boosted market confidence in fuel supply. Weather forecasts suggest milder and more windy weather next week, which will reduce the demand for electricity and heating for natural gas. Warm weather across the European continent is expected to continue until mid-December. Furthermore, Norway's exports are relatively stable, and the supply of liquefied natural gas is sufficient and is expected to exceed last year's level. Global competition remains moderate, enabling more shipments to go to Europe.

European gas prices continued to decline, as higher-than-average temperatures and weak Asian demand boosted market confidence in fuel supply. Weather forecasts suggest milder and more windy weather next week, which will reduce the demand for electricity and heating for natural gas. Warm weather across the European continent is expected to continue until mid-December. Furthermore, Norway's exports are relatively stable, and the supply of liquefied natural gas is sufficient and is expected to exceed last year's level. Global competition remains moderate, enabling more shipments to go to Europe.