European natural gas prices declined as traders balanced an increase in liquefied natural gas (LNG) supply against ongoing concerns over Middle Eastern conflicts. Benchmark futures dropped by up to 1.7% after fluctuating earlier in the day. Recent data revealed that LNG flows into northwest Europe have reached their highest levels since April. This supply surge is partly attributed to several LNG vessels being diverted from Asia due to recent price spikes. Despite the easing prices, the geopolitical situation continues to weigh heavily on market sentiment as winter approaches. This further highlights the world’s need for renewable energy sources spread more evenly across the globe with connected grid systems and new liquid fuels trade like green hydrogen, ammonia, and methanol. The…