European natural gas prices dip ahead of Trump's inauguration

Investing.com -- European natural gas prices experienced a drop before the inauguration of President-elect Donald Trump on Monday. Market participants are in anticipation of the potential effects of future policy on the market.

Following his swearing-in, Trump is anticipated to sign a number of executive orders. This could potentially include the removal of a current halt on new permits to export liquefied natural gas.

The handling of sanctions against Russia's energy sector by the President-elect is also expected to significantly affect gas supplies.

Concurrently, the European Union is reportedly contemplating import restrictions on Russian Liquefied Natural Gas (OTC:LNGLF ) (LNG) as part of a new set of sanctions against the Kremlin.

The benchmark Dutch Title Transfer Facility (TTF) contract traded 1.5% lower at 46.17 euros per megawatt hour. Despite this drop, it still remains 4.5% higher on the month due to rapidly depleting inventories.

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Source: Investing.com