FRANKFURT:Natural gas prices in Europe are poised to fall further below their lowest in a decade as suppliers show few signs of scaling back abundant deliveries.
Inventories are near capacity weeks earlier than usual and are being flooded with more stocks coming both from tankers and pipelines. While producers have reduced some flows with repairs and maintenance at gas fields processing plants, the benchmark price for gas in the Netherlands is struggling to recover from a crash below 10 euros US($11) a MWH earlier this summer.
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