European energy crisis expected to continue despite easing in wholesale gas prices 

Last Tuesday, gas prices soared to 10 times higher than a year earlier
European energy crisis expected to continue despite easing in wholesale gas prices 

Shipments of liquefied natural gas are heading to Europe, easing an energy crunch that’s forced heavy industries to curb output.

European natural gas fell for a fourth day as US supplies are expected to bring relief to the tight market and traders weighed both milder weather and risks to demand from the omicron virus variant.

Gas has whipsawed in recent days, soaring to record levels above €180 a megawatt-hour last Tuesday following a sharp drop in Russian flows. 

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited