European gas prices remained stable on Friday after rising in the previous session due to renewed supply concerns.
The Dutch TTF natural gas benchmark contract traded at €32.30 in morning trading, unchanged from its previous close.
European futures rose more than 2% on Thursday after the European Union confirmed it would ban imports of Russian liquefied natural gas (LNG) from 2027.
According to ANZ analysts, the sanctions are likely to put additional pressure on the global LNG market.
The EU decision represents a major shift in European energy policy as the bloc continues to reduce its reliance on Russian energy supplies.
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