Mild weather and near-full storage see gas prices tumble

Mild October weather and the filling of storage across Europe have seen gas prices tumble in recent weeks following the extreme highs seen towards the end of last month. The prices of both month-ahead and winter-ahead contracts have fallen by more than half following the extreme highs at the end of August. However, ICIS gas and LNG analyst Alex Froley tells Utility Week prices are still far from "normal" and that concerns remain about how storage will be refilled in summer 2023 in time for the winter afterwards.

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