Will Europe return to Putin’s gas?

The first correct winter in three years had already reignited vitality debates. With temperatures frigid and Asian competitors for provides fierce, the spot worth on the Dutch Switch Title Facility (TTF), Europe’s gas-trading hub, hit €58 ($61) per megawatt hour (MWh) on February tenth, its highest in two years (see chart). Then, on February twelfth, got here Donald Trump’s announcement that negotiations over an end to Russia’s war in Ukraine would begin “instantly”—a press release that monetary markets seem like taking significantly.