Natural Gas Prices Surged 160%—And They’re Not Coming Down Soon

Natural gas prices have jumped in recent weeks in all major consuming markets, including in the United States, where prices have soared by more than 160% from this time last year.     Colder winters in North America and Europe have erased all the surplus inventories stockpiled after the previous two milder winters.   In Europe, the end of the Russian gas transit flows via Ukraine stopped on January 1, prompting the continent to buy more LNG and prepare for a more intense refill season between April and October, as inventories…