European natural gas prices experienced a decline as traders evaluated ample regional stockpiles in light of Hurricane Beryl’s potential impact on Texas, a crucial fuel supplier. Benchmark futures dropped by up to 3.1% on Monday, undoing earlier gains and highlighting Europe’s vulnerability to global disruptions despite robust inventories for this time of year. Currently, Europe benefits from well-supplied inventories and increased gas flows from Norway, while mild temperatures are forecasted in key markets like the UK, Germany, and France over the next week. However, market attention is focused on Hurricane Beryl, which has already prompted reductions in liquefied natural gas (LNG) production at Freeport LNG’s facility in Texas. Concurrently, Asia is experiencing heightened gas demand due to above-average temperatures driving…