Natural gas prices in Europe continued their record-breaking run as uncertainties about supply security this winter worsen. Power prices also surged to a new high amid low wind and a disruption at Britain’s interconnectors.
The latest concern for the European market is tropical Depression Nicholas, which threatens to lash the U.S. Gulf Coast with rain for days and has already affected one facility that produces liquefied natural gas for exports. Uncertainties over Russia’s ability to supply the region when it also risks a domestic gas crunch are also increasing among traders just as temperatures below normal are forecast for the next two weeks.
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September 15, 2021 at 02:07PM
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Europe's Gas Extends Record Rally on U.S. LNG Concerns, Low Wind - Bloomberg
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