UK natural gas prices rallied to fresh all-time highs above 390 pence a therm [Normal = 50p]

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by mark000

tradingeconomics.com/commodity/uk-natural-gas

UK natural gas prices rallied to fresh all-time highs above 390 pence a therm in the third week of December, in line with the Dutch contract, amid reports that natural gas flows through the key Yamal-Europe pipeline reversed and began moving towards Russia at a time when a cold blast sent temperatures to freezing levels in Europe. Additional upside risks stemmed from delays in the approval of the Nord Stream 2 pipeline, which some analysts expect to be operational no sooner than September 2022, supply cut threats by the Belarusian President, and fears about harsher sanctions slapped on Russia’s energy sector amid heightened tensions in Ukraine.

Set chart timeframe to 25 years and say wow.

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