Natural Gas Prices in Europe - Dec 8

[dan_s]

The TTF, the European benchmark for gas prices, increased by 18.9% to $14.80 per mmbtu by the end of November.
Gas storage declined to 85.6% on November 30, 10% lower than storage in the same month last year. However, it remained within the average of the last three years.
Gazprom’s decision on November 16 to halt gas shipments to Austria’s OMV and the higher demand for gas used for power generation caused the decline in storage and the subsequent increase in gas prices.

Video: https://www.msn.com/en-us/money/markets/gas-price-shock-set-to-add-to-europe-s-industrial-pain/vi-AA1vo6Fq

[aja57]

Looks like Europe has an energy shortage this early winter

https://x.com/JKempEnergy/status/1866857206349545607