Natural gas prices in Europe and Asia have leveled off amid warmer weather and strong storage stocks in both regions. 

In Europe, where inventories are at 94% of capacity, temperatures are expected to remain mild next week, according to Maxar’s Weather Desk.  Above normal temperatures are expected in big gas consuming regions like France, Germany and parts of Spain and the UK this week. 

Despite stronger storage levels, LNG continues to flood Europe. Spark Commodities latest price assessments for liquefied natural gas cargoes delivered ex-ship to Northwest and Southwest Europe are still showing discounts of around $10/MMBtu below the Title Transfer Facility (TTF) contract.

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