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Sky-high European gas prices unlikely to be sustained

We think a reversal of the factors that have fuelled the recent surge in European natural gas prices, namely high LNG prices, constrained supply and depleted stocks, will bring prices back down to earth by early 2022. However, a strong economic rebound and a high carbon prices should prevent the price of natural gas returning to its 2020 lows.
Adam Hoyes Assistant Economist
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