Europe’s high energy prices are just the beginning ...News

Russia Today - Economy
Europe’s high energy prices are just the beginning
source : Russia Today ( News ) () 27
European energy prices might be at record levels, but there is still room for prices to run, according to a Bloomberg analysis. Of course, natural gas prices are soaring everywhere—not just in Europe. The US benchmark price for natural gas has nearly doubled over the last year, with front-month Henry Hub prices reaching $4.690/MMBtu as of September 6. And that’s despite record natural gas production in hot basins like Appalachia. But US gas exports are soaring more, hitting all-time records. For Europe, which is coming off pandemic restrictions, the increased demand for natural gas and electricity as people return for work is triggerin

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