Dutch benchmark hits two-week low on weather, storage hopes and peace talks
Feb 14 (Reuters) - The benchmark Dutch gas contract fell on Friday to its lowest in more than two weeks, weakening on forecasts of milder weather, talks over a loosening of European gas storage targets and ongoing U.S. efforts to end the war in Ukraine.
The benchmark front-month contract at the Dutch TTF hub was down 1.30 euros at 49.75 euros per megawatt hour (MWh), or $15.28/mmBtu, by 0913 GMT, LSEG data showed.
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The contract fell earlier to 49.25 euros/MWh, the lowest level since January 29.
"The weather forecasts now agree that milder and windier conditions are on the way (probably by the middle of next week)," Energi Danmark analysts wrote.
The British weekend contract TRGBNBPWE was down 4 pence at 125 pence per therm while the Dutch day-ahead contract TRNLTTFD1 shed 1.58 euros to 50.25 euros/MWh.