1. Europe’s Gas Price Cap Might Backfire Soon- Members of the European Union have agreed to a gas price cap of €180 per MWh (approximately $56 per mmBtu) that could be triggered starting from February 15, 2023. - If the TTF front-month contract exceeds the suggested limit for three consecutive days and simultaneously if the exchange-traded spot price is €35/MWh above the reference European LNG price, the cap kicks in immediately. - Once the price cap is triggered, trades would not be permitted on the front-month, three-month, and…
