US-Russia gas war drives European energy prices to 10-year low ...News

European natural gas prices reached their lowest level in at least a decade this week, fuelled by a battle for market share between the world’s largest producers, Russia and the US. Prices are poised to fall further, with the benchmark price for gas in the Netherlands struggling to recover from a crash below €10 ($11) a megawatt-hour earlier this summer. The Dutch front month gas price, a major indicator for the natural gas market in Western Europe, is at its lowest level since its launch in 2010 due to a flood of supply, according to consultants at Rystad Energy. Also on rt.com

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