Russian Gas Looks Cheap as U.K. Premium Rises to Record: Chart

IMF, ICE Futures Europe

While rallying crude and coal prices are boosting natural gas on European hubs, Russian fuel that’s mainly linked to oil with a six- to nine-month delay has never been cheaper relative to its British equivalent. Moscow-based Gazprom PJSC is targeting record exports this year, and market-priced supplies to the U.K. have so far led the gains.

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