We recently wrote about Europe’s soaring, record gas prices as Russian nat gas supplies have been suspiciously low, amid growing concerns about Europe’s inventory levels as the winter approaches. The price uptrend was finally broken yesterday – if only for the time being – when as Bloomberg’s Stephen Stapczynski explains, Dutch nat gas futures prices (TTF) plummeted by 10% after data suggested Nord Stream 2 started flowing. But that data turned out to be incorrect, and prices quickly rebounded recovered. But then European nat gas prices plunged once again today, and again it was on the prospect of more Russian supply, after Gazprom said it’s likely to deliver 5.6bcm of gas this year via the Nord Stream 2 pipeline. As Stapczynski updates, “possible flows keep spooking the market and prices are now down ~11% from the record high on Monday.” Then again, a little bit of context on the […]