December 20, 2021 - 09:57 PM
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Post# 34249035
RE:RE:Question to group: Natural Gas North America vs Europe
the price you quoted is EURO s per MWH
For ease it is best to go to the CME exchange where price is in more familiar USD per MMbtu
Dutch TTF Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures Quotes - CME Group
Vermilion Energy trust (VET) is the best source for getting EURO price action .With 22% of their production being tied into NBP and TTF. they are poised for spectacular returns in 2022. Say hello to Wholulu when you get there as he has been almost singularly holding up the fort against a lot of unmerited adversity !!
Last point, the Euro prices are not alone , Asia has similar pricing. there is a global shortage of nat gas and it will take a lot more than Russia to cure that in the near future. the only relief at present is coal and we all know how politically charged that is. Anyone who believes that nat gas is a problem rather than a solution really needs to get educated !!