European gas prices have fallen, and market demand is expected to be weak, overshadowing concerns that the escalation of the situation in the Middle East may hinder the restoration of energy supply in the region. Temperatures were higher than expected at the beginning of the heating season, market pressure eased somewhat, competition for air sources weakened, and price increases were limited. Europe still needs to seek the supply of liquefied natural gas and replenish gas storage tanks; the current gas storage capacity is slightly above 74%, compared to the normal seasonal level of 89%.

European gas prices have fallen, and market demand is expected to be weak, overshadowing concerns that the escalation of the situation in the Middle East may hinder the restoration of energy supply in the region. Temperatures were higher than expected at the beginning of the heating season, market pressure eased somewhat, competition for air sources weakened, and price increases were limited. Europe still needs to seek the supply of liquefied natural gas and replenish gas storage tanks; the current gas storage capacity is slightly above 74%, compared to the normal seasonal level of 89%.