Gas prices have recovered from a January slump following the shutdown of a key European pipeline. Rising tensions in Ukraine could add further upward pressure on the already-tight market in the coming months. The United States is looking to capitalize on the geopolitical turbulence, sending more and more LNG to Europe. Gas prices have recovered from a mini-slump this month after flows in the Yamal-Europe pipeline were halted in both directions. UK Natural Gas prices have risen to 3.3 percent to £1.87 per therm, after weeks of stagnation, while the Dutch TTF Futures benchmark has enjoyed a similar three percent bump to €78.50 per megawatt hour. Prices spiked after data from German network operator Gascade showed that flows on the Yamal-Europe pipeline were suspended. Flows had moved eastwards towards Russia since December 21, piling further pressure on European supplies. While flows have now stopped moving away from Europe, the […]