EUROPE GAS — Prices rise on low storage, cooler weather

Prices expected to trade in narrow range on stable demand and improved Norwegian supply Cooler forecast for northwest Europe could lift heating demand from next weekend Middle East tensions have pushed North Asian LNG prices to nearly triple pre-conflict levels LONDON, Oct 13 (Reuters) — Dutch and British gas prices rose on Tuesday morning on cooler weather forecasts and low inventories, but analysts expect prices to trade in a narrow range during the day on stable demand and improved Norwegian supply after short-term outages. The benchmark Dutch front-month contract at the TTF hub was up €1.98 at €86.34 per megawatt hour (MWh), or about $28.30/mmBtu, by 0822 GMT, its highest level since December 23, 2022, ICE data showed. The British front-month contract was up 5.10 pence at 214.82 pence per therm. “Our outlook today for TTF on the day-ahead is moderately bearish following a decrease in oil prices this morning, which seems to be a technical correction following the recent price rally,” said LSEG analyst Yuriy Onyshkiv. "In Northwest Europe, demand on the day ahead and across the prompt horizon is sideways. Also, there is no change to our LNG send-out forecast for the next couple o