Important Takeaways:

• Gas Prices In Europe Skyrocket Again As Supply Risks Grow
• Dutch gas jumped as high as 64% to 335 euros a megawatt-hour — the equivalent of around $600 a barrel of oil.
• Even though spring is less than two weeks away, heating demand is still elevated, and energy inflation is crushing the pocketbooks of households across the continent. Also, one energy provider ceased to provide heating oil to the parliament building of Bosnia and Herzegovina in Sarajevo because of soaring prices, newspaper Faktor reported, which means the facilities are currently without heat.
• “It is our current assessment that the EU can get through this winter safely,” Filippenko. But what about next? Natgas supplies on the continent are at low levels, and natgas injections begin at the end of March and early April to resupply stockpiles.
• If Russian natgas flows remain low and the West bans Russian energy imports, the EU better find new suppliers quickly, or energy inflation will continue to wreak havoc.

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