- Natural gas prices in Europe inched closer to 300 euro per megawatt-hour as fears deepened about a looming supply crunch during peak demand season.
- In Europe, there are fears that this might not be the end of it, and governments are preparing for a worst-case scenario with zero Russian gas in the winter at a time when some activists are calling on Europe to outright embargo Russian gas as it did with Russian oil.
- German Chancellor Olaf Scholz is currently on a visit to Canada to try and secure future LNG deliveries, although Canada appears to be reluctant to commit to those in light of its net-zero ambitions.
Europe Gas Prices Break Records On Winter Crunch Fears
