Price of electricity in Germany rose 1095% since last year!

[Overnight]

the mid term macro game will be over soon. alt supplies of nat gas are being acquired for next spring latest. I'm shorting ngas large long term.

Ahh geez afroman, you sure that is a smart play going into winter with Putin playing his ugly Gazparom games?

Remember what is happening in context! Putin is basically the sole supplier of nat gas to Europe, he shut down NS1 pipeline for no real reasons...He's using it as a pawn in his political games!

Listen! Be careful with those NG shorts!

 

[earth_imperator]

I recently read that Russia is building new domestic pipelines to divert the gas that is currently going to the EU, to eastern pipelines... Of course the construction will take some years.
Here's such a news article:
"A Russian Pipeline Changes Direction, and Energy Politics Come to the Fore"
https://www.nytimes.com/2021/10/30/world/europe/russia-gas-pipeline-nordstream-putin.html
"
Amid an energy crunch in Europe, one of Russia’s largest natural gas pipelines began pulling gas out of Western Europe back eastward, Russian news agencies reported.
[...]
"