Investing.com — European 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:) (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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