MOSCOW, August 31 – PRIME. On Wednesday, natural gas prices in the US are declining, but aiming for the second time in a row to demonstrate growth by the end of the month. The market is supported by higher-than-usual air temperatures, which increase demand for air conditioning systems, as well as rising gas prices in Europe.
Analysts: the cost of electricity in Europe in August was the highest
At 1347 GMT, October natural gas futures traded down 12.1 cents, or 1.3%, at $8.92 a million Btu.
“At the beginning of the session, the market seems to be under slight pressure, oil prices are falling. In energy markets, there is a weakening of risk appetite, despite the fact that Gazprom has stopped gas supplies to Europe via Nord Stream 1,” said Phil Flynn, analyst at Price Futures Group.
By the end of August, quotes may add about 8%.
In Europe and Asia, gas was traded at $77 and $59 respectively.
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