Diversification in action amid pivot away from Russian pipelines Collapse in UK, French, Spanish front-month prices for May Highest-ever receipts for France, Spain, Netherlands Record-breaking price spikes in Europe’s wholesale natural gas market in March prompted a response from global LNG supply sources that the region has never seen before, an analysis of data from S&P Global Commodity Insights showed. Exacerbated by military conflict between Russia and Ukraine, the historic March price spike was also a product of intensified efforts to restock with inventory mandates looming, alongside a pressing need to quickly source alternatives without Russian-baseload supply through Yamal, the canceled Nord Stream 2 system, and for buyers who have rejected the new payment system for contractual supplies. The monthly import profile for April, which following European wholesale front-month trade in March, saw sourcing […]