$2 Gas in Europe

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Published 06/22/2020 by Mike Fulwood & Jack Sharples, OIES

Gas prices in Europe have crashed through the $2 range discussed in two previous OIES comments. The June TTF monthly price closed below $2 and, for the next few months, the forward curve suggests this will continue. The amount of gas in storage in Europe has played a crucial role in pricing movements, absorbing a lot of the excess LNG supply in 2019.

Source: Mike Fulwood & Jack Sharples, OIES

 
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