Natural Gas Prices Are Plunging On a Warmer Start to Winter
- Milder weather seen from Europe to China over next few weeks
- Gas rationing unlikely as top importers have built stockpiles
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A warmer-than-expected start to winter in large parts of the world that could linger for weeks — especially across the US — is easing fears of a natural gas crisis that had been predicted to trigger outages and add to power bills.
Forecasts point to temperatures above seasonal norms for most of Europe and the US over the next several weeks. It’ll also be more mild across much of China — the world’s biggest gas importer — over the next 10 days, and Tokyo may see a temperature spike around mid-January.