# Europe Natural Gas Prices Decline as Persistent Mild Weather Curbs Demand - Bloomberg

> European natural gas prices declined as persistent warmer-than-normal winter weather reduced demand and eased pressure on the region's energy systems. Prices fell as much as 6.5%, and unseasonably mild temperatures were forecast to continue into the following week.

- Date: 2023-01-03 · published 2023-01-03T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/9185-europe-natural-gas-prices-decline-as-persistent-mild-weather-curbs-demand
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Sustained mild weather cuts heating demand and LNG import needs, pushing gas prices lower. Cheaper gas lowers energy and fertilizer costs for European feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-01-06 | [US natgas futures slide 5% to 10-week low as mild winter weather curbs demand](https://feedsoft.ai/events/7829-us-natgas-futures-slide-5-to-10-week-low-as-mild-winter-weather-curbs-demand.md) | -0.2% | +17.0% |
| NATGAS | 2018-02-01 | [Mild Weather Dims Natural Gas ETF Outlook](https://feedsoft.ai/events/7447-mild-weather-dims-natural-gas-etf-outlook.md) | -14.0% | -15.1% |
| NATGAS | 2024-10-16 | [Waning Weather Support Sends Natural Gas Futures Tumbling; Cash Prices Slip with Demand](https://feedsoft.ai/events/10304-waning-weather-support-sends-natural-gas-futures-tumbling-cash-prices-slip-with.md) | -17.1% | -2.9% |
| NATGAS | 2024-10-18 | [USA 'Zombie Summer' Saps Energy Demand and Natural Gas Prices](https://feedsoft.ai/events/10307-usa-zombie-summer-saps-energy-demand-and-natural-gas-prices.md) | +0.0% | +6.9% |
| NATGAS | 2022-10-17 | [Europe Gas Prices Drop to 3-Month Low as EU Plans More Crisis Measures - Bloomberg](https://feedsoft.ai/events/12789-europe-gas-prices-drop-to-3-month-low-as-eu-plans-more-crisis-measures-bloomberg.md) | -25.1% | -15.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-01-03/european-gas-declines-as-persistent-mild-weather-curbs-demand

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.