US Gas Rally Pales Next to Europe, Asia Turbulence

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Even as US natural gas prices hit decade highs, global prices got even crazier last week as Europe and Asia continue their pitched cage match to fill depleted inventories in advance of winter. European benchmarks in the UK and particularly the Dutch TTF soared to an astounding $33 per million Btu as they tried to outbid Asia, which itself saw a record LNG price above $34/MMBtu last week.

Gas Inventories, Gas-Fired Electricity, Gas Prices, Gas Spot Markets
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