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19.08.202507:16:37UTC+00TTF Prices Fall After Ukraine Meet

European natural gas futures declined closer to €31 per megawatt-hour, approaching their lowest level since May 2024. This decrease reflects growing optimism around potential peace initiatives in Ukraine. Recent discussions involving Trump, Zelenskiy, and European leaders saw Trump encouraging Putin to organize a summit with Zelenskiy, intensifying speculation that a ceasefire might eventually lead to the return of Russian gas to global markets. Although Europe has lessened its dependency on Russian gas by diversifying its liquefied natural gas (LNG) imports, market participants are betting that the relaxation of sanctions could reduce competition for LNG cargoes. Contributing further to the downward trend, Norway's Equinor resumed operations at its Hammerfest LNG terminal, the largest in Europe, after an unexpected weekend shutdown caused by issues with an overheating transformer.

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