Andurand: Putin Has Lost The Energy War

Top energy trader Pierre Andurand has closed out all his positions in the natural gas market because last year’s high prices probably won’t be repeated, with Russia losing the gas war as Europe seems to have moved past the worst of the power crisis. According to Andurand, Russian President Vladimir Putin failed to achieve his objectives—Europe has indeed found alternate natural gas supplies, with European benchmark natural gas prices now high, but well below the 300 euro per MW hour price that it achieved in August. “I think…