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Will there be something to heat in the cold winter months? Are farms going bankrupt due to soaring utility prices? Are we going to get caught up in Putin shutting off the gas taps to the West? – For a year and a half, these questions preoccupied European economic experts and decision-makers, while the price of natural gas shot up to such a high level due to the disruptions surrounding Russian deliveries, that market participants would not have thought of even in their darkest nightmares. However, the nightmare did not last long, the panic subsided quickly, and after more than a year and a half, after a fall of more than 90 percent, the price of natural gas reached a level that was last seen before the outbreak of the Russian-Ukrainian war. But what did it take for the situation to normalize so quickly, what was the price of all this? Now you can sit back, are the gas prices “pretty low”? What did the energy crisis teach us anyway?
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