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

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.