Prices may ‘buckle’ in 2017 under growing glut, Citigroup says Increasing imports into EU, LNG supplies weighing on prices Even after three years, there’s still no sign that the slump in European natural gas prices is about to end. Front-month contracts for the fuel are trading near six-year lows in the Netherlands and U.K., while Citigroup Inc. to Marex Spectron Group Ltd. and Vattenfall AB predict further declines. The slump seems made of Teflon; since 2013, benchmark gas rates have brushed off a run of political and environmental dramas that would normally lift prices and instead tracked a deepening global oversupply. Prices barely flickered last week when Ukraine, the largest transit country for Russian gas to the EU, warned of the potential for full-out war with its eastern neighbor and Europe’s biggest supplier. Traders had already shrugged off the Netherlands’ decision to restrict output at Europe’s largest gas field […]