Natural Gas Prices in Europe

Ritame: I've never seen anything like it. It has potentially devastating consequences for people in europe and around the world over the course of the coming winter. The amount of supply that we normally see from russia during the winter is the equivalent of nearly 20 % of total winter consumption. Even though we 're still in summer, the home market is focused on building enough storage so that you have enough to draw down from in winter when demand is incredibly high. That's what keeps prices high, not just during winter times, but right now.