Warm weather across the Northern Hemisphere continues to drag down global natural gas prices as demand remains weak and supplies are healthy. 

Title Transfer Facility (TTF) and Japan-Korea Marker (JKM) futures have fallen by over 30% since the start of winter. 

“The key drivers behind falling prices have been a mild winter, ongoing demand weakness and a decline in coal and carbon prices, which set power sector switching range levels,” UK consultancy Timera Energy said on Monday.

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Temperatures across Europe, along with those in leading demand centers in Asia,...