AlwaysFree: Europe Expects Lower Gas Costs Owing To Warm November — Bloomberg

• Europe sees a gas surplus at present because a buildup in LNG deliveries coincided with the unexpectedly warm weather

According to TASS, Russia's state-owned news agency article published on November 1, 2022, Europe expects a decline in natural gas costs since a warm November is forecast, Bloomberg reported on Tuesday, citing data from Maxar Technologies and Marex.

Gas prices in Europe tumbled because a warm spell in October delayed the heating season, the news agency said. According to Maxar and Marex, no cold weather is expected in November. This piece of news brought relief to consumers concerned with heating prices and governments seeking to provide gas reserves, Bloomberg reported.

Europe sees a gas surplus at present because a buildup in LNG deliveries coincided with the unexpectedly warm weather.

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