A cold snap across Spain is expected to last through mid-January has resulted in natural gas prices more than doubling in the last week, according to Bloomberg. LNG prices trading at Spain's Punto Virtual de Balance (PVB) gas trading hub hit a record 51.55 euros ($63.13) a megawatt-hour this week, or $18.
54 per million British thermal units as the nation grapples with dangerously cold weather and snowfall in Madrid. Spain has one of the largest LNG terminals in Europe. "Surging prices, coupled with a lack of available LNG vessels…Gas Prices In Spain Skyrocket Amid Cold Snap
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