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Warm weather and abundance of LNG shipments push markets down

Close price: Prices fell toward the end of Friday last week, particularly on the near curve, with a warm weather outlook and an abundance of LNG shipments on the way or delivered already in the UK.

Opening price: Prices a slightly down on Friday’s losses. Helping this is some reassurances from Russia that buyers can keep paying for gas in dollars/euros to then be exchanged, which will not breach their policy. Energy demand in the UK has reduced from last week, helping to ease prices further.