Gas prices hit a three-year high. A tough winter lies ahead for Europe

Marcelli Fabiani (Oxford Economics): “Weak global demand and US LNG should prevent extreme price spikes”. Tabarelli (Nomisma Energia): “The only consolation is that we have already been hardened by the 2022/23 crisis. €73/MWh for gas and just over 200 for the PUN are still a long way from the peaks seen back then.”

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