European gas prices fall 2.5% as supply risks ease

European gas prices fell by 2.5% amid signs that supply risks are easing, according to Asharq.

Earlier, European natural gas prices had surged sharply on Monday due to concerns over supply disruptions caused by interruptions in gas flows from Gulf production regions.

The benchmark TTF natural gas futures contract for next-month delivery jumped more than 5% at the start of trading on the Amsterdam exchange on Monday, reaching €83.75 ($97.13) per megawatt-hour, its highest level since the end of 2022.