Natural Gas: Peak Power Burn Demand Soon

Natural gas prices are marching higher yet again as the European gas situation remains very tense. Gazprom's Nordstream 1 pipeline won't be operating at full capacity from now to winter, which has prompted traders to start extrapolating a draconian scenario.

Dutch TTF went up ~12% on the day closing at $179. 

Gazprom announced in another press release tod…