Energy prices are rising from the US to Europe and Asia as the economy recovers from the COVID-19 pandemic and people return to offices. “The volatile trading already shows that no one really knows how high gas can go,” said Niek van Kouteren, a senior trader at PZEM, a Dutch energy company. The question will be where there will be demand destruction.”Dutch gas futures surged to 100 euros per megawatt-hour, before plunging 3.1 percent to 94.7 euros by 9:21am in Amsterdam. The slowdown could lead them to sell their allowances, said Trevor Sikorski, head of natural gas and energy transition at the London-based consultants Energy Aspects. In Asia, the price of liquefied natural gas surged to a record US$34.47 per million British thermal units on Thursday.

Source: Taipei Times October 01, 2021 15:56 UTC