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Share this Story: Europe Gas Falls as Return of Warm Weather Further Eases Crisis [Financial Post (Toronto, Ontario, Canada)]

Maxar Technologies Inc. (MAXR) 
Last maxar technologies inc. earnings: 3/2 04:08 pm Check Earnings Report
Company Research Source: Financial Post
(Bloomberg) — European natural gas prices slipped again as the return of milder weather in the continent keeps a lid on heating demand, further easing the impact of a historic energy crunch. Advertisement Benchmark futures fell as much as 3.5%. While the continent's gas inventories dropped last week amid a cold spell, they are still far above historic averages. Temperatures in northwest Europe are climbing back above seasonal norms and are expected to remain mild until mid-February, according to forecaster Maxar Technologies Inc. The warm winter, fuel savings and ample supplies of liquefied natural gas have eased prices dramatically after a turbulent year. While risks of supply disruptions and increased competition for LNG with Asia still remain, prospects are rising that Europe can cope both this winter and next even after Russia's deep supply cuts. Dutch front-month gas, Europe's benchmark, was lower at €53.50 a megawatt-hour by 8:23 a.m. in Amsterdam. They lost 17% last we Show less Read more
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