Global natural gas prices declined Monday, driven lower by mild temperatures and easing supply concerns.

Sunday kicked off the winter heating season in Europe, but unusually warm temperatures are forecast over the next two weeks.

Norwegian natural gas production also continues to rebound after weeks of maintenance that lasted longer than expected. Exports were nominated at nearly 275 million cubic meters (MMcm) on Monday, up from 254 MMcm a week prior. Norwegian exports typically flow at levels above 300 MMcm. Maintenance at the massive Troll and Skarv fields is scheduled to end within the next week. 

[Download Now: In our 2024 Natural Gas Outlook Report ‘Future In Focus’, Natural Gas Intelligence’s experienced team of Thought Leaders delve into the myriad opportunities and...