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European Gas Falls to Lowest Since Russian Invasion of Ukraine

(Bloomberg) European natural gas extended its decline to the lowest level since the start of Russia’s war in Ukraine, amid warmer weather and signs from the Kremlin that payment for the fuel in rubles isn’t expected until next month. ....

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Gas prices inch higher

WASHINGTON: European natural gas edged higher Tuesday, after earlier swinging between gains and losses, as the market continued to weigh the risk of potential supply disruptions and further sanctions imposed on Russia. ....

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US LNG Exports Cause European Prices To Tumble

By Isis Almeida (Bloomberg) European natural gas prices plunged more than 20% on Thursday as this year’s stellar rally attracted a flotilla of U.S. cargoes. At least 10 vessels are heading to. ....

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European Gas Plunges 20% as Rally Lures Flotilla of U.S. LNG

(Bloomberg) European natural gas prices plunged more than 20% on Thursday as this year’s stellar rally attracted a flotilla of U.S. cargoes.

At least 10 vessels are heading to Europe, according to ship-tracking data compiled by Bloomberg. ....

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Why have energy prices increased during the pandemic?


Why have energy prices increased during the pandemic?
There are several factors at play when it comes to power prices, making them difficult to forecast
Energy prices have been among the largest drivers of inflation since the start of the pandemic: in March 2020, the winter 2021 power price reached down to £42/MWh but it recently broke a new high of over £70/MWh.
Regulator OFGEM’s price cap fell by 1% in April 2020 and even further, by 7%, in October 2020, reflecting underlying market conditions during the pandemic.
However, it rose by 9% in April 2021 again, according to the Office for National Statistics (ONS).
It’s not as simple as the price cap however when it comes to energy prices, there is a huge amount of factors at play, from demand to geopolitics. ....

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