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UK Gas Falls to $25

January 04, 2022

UK Gas Falls

Natural gas prices in the UK have fallen to circa $25/mmbtu. The drop marks a dramatic decline since spot prices hit $61/mmbtu in early December. Warmer temps and the arrival of US LNG exports have helped soften a 300% increase in 2021 amid a broader European crisis with roots in low wind speed and Russian supply contracts, among other factors.

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