European natural gas spot prices fell 80 percent after August 2022 peak
Shayle Kann · Natural gas whiplash · Jan 12, 2023 · at 2:07
Shayle Kann, partner at Energy Impact Partners, outlines the severe volatility in European natural gas markets following the 2022 energy crisis.
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“Prices on the EU benchmark index peaked in August last year, August, 2020 and the spot market above 340 euros per megawatt hour. But over the ensuing five months, it's been basically down, down, down, such that prices today are less than a fifth what they were in August.”
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