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LONDON (ICIS) – ICIS TTF April ‘22 prices fell from $67.21/MMBtu on 8 March to $36.20/MMBtu between 8-16 March, and the May ‘22 contract hit $33.07/MMBtu, with East Asia LNG prices slipping below their European counterpart on 10 March.
LONDON (ICIS) – ICIS TTF April ‘22 prices fell from $67.21/MMBtu on 8 March to $36.20/MMBtu between 8-16 March, and the May ‘22 contract hit $33.07/MMBtu, with East Asia LNG prices slipping below their European counterpart on 10 March.
Record high natural gas prices have forced the company he runs, fertilizer producer Yara International, to curtail its production of ammonia and urea in Europe to 45% of capacity.
The situation is ringing alarm bells for global health experts.
Svein Tore Holsether says the world is careening toward a food crisis that could affect millions of people.