European natural gas prices have failed to be influenced by continuing attacks on shipping in the Red Sea in 2024 as weak fundamentals push natural gas price forecasts lower amid soft demand and record storage.

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The Association of Southeast Asian Nations (ASEAN) said its Regional Comprehensive Economic Partnership (RCEP) agreement entered into force at the start of January, creating the world’s largest free trade area in all products, including LNG and hydrocarbons fuels.

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