Europe & Russia Trade

The late winter cold snap in Europe attracted greater levels of gas and LNG imports into the region as prices spiked.

European day-ahead hub prices shot up to over 200 p/th at the start of March and have stayed high compared with the start of the winter, attracting cargoes of LNG to the region. While the price spike at the start of the month was short-lived, day-ahead prices in Europe were still buoyant at around 55-57 p/th in mid-March. The colder temperatures seen in the middle...