Investing.com -- European natural gas prices have seen a decrease due to an easing of concerns over supplies during the storage injection season.

The benchmark Dutch TTF contract has experienced a 0.8% drop, trading at 32.17 euros per megawatt hour. This represents nearly a 10% decrease over the past week.

As a result of this reduced demand, a higher number of LNG cargoes are being redirected to Europe.

According to data from Gas Infrastructure Europe, storage levels in the European Union are currently at 38.4% capacity, due to consistent net injections since the end of March.

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