At the risk of tempting fate, the European Union energy commissioner offered a rather upbeat summary of the continent's recent natural gas plight. The EU, Kadri Simson said last week, came out of the winter with "storages half full" and a "positive outlook for next winter."
European gas prices, which peaked last year at more than €330 ($362) per megawatt-hour, have now plunged to €35 - the lowest since the 2021 summer although still double the historical average.