European benchmark natural gas prices have dropped from their highest level this year as concerns about a possible halt to Russian pipeline supplies via Ukraine have eased. The Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, were up by 0.3% as of 11 a.m. local time in Amsterdam on Tuesday, recovering from a 2% drop earlier in the trading session. However, the front-month price has dropped below $43.70 (40 euros) per megawatt-hour (MWh) this week, after soaring at the end of last week above this threshold – and…
