Gas prices in Europe could plunge as low as $6.70 per million British thermal units (MMBtu) this summer thanks to a mild winter and ample gas inventories, Wood Mackenzie has said in a new report. The report states that gas markets kicked off the current year on a more bullish note as colder weather swept through Europe while industrial demand maintained its recovering trend, increasing 12% year-on-year in January and around 6% in February. WoodMac has forecast that household gas demand in Europe will increase by 12 billion cu m…
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