European natural gas prices fall as traders assess winter supply outlook

European natural gas prices fell as traders assessed supply conditions ahead of the heating season, with multiple bearish factors offsetting concerns about further sanctions on Russia and its energy exports. Benchmark futures declined after surging to a nearly two-week high in the previous trading session. European liquefied natural gas imports remained strong, with recent supplies reaching a 13-week high, helping the region cope with maintenance work in Norway and reduced supplies from Algeria to Italy. "News related to sanctions on Russia will drive short-term price fluctuations in the gas market," said Florence Schmit, an energy strategist at Rabobank