Think the east coast gas price is bad? Look overseas

THE east coast gas market has had a rough winter, with shut-ins causing supply shortages, cold weather driving demand spikes and leading to knock-on effects to electricity prices. 

Think the east coast gas price is bad? Look overseas Think the east coast gas price is bad? Look overseas Think the east coast gas price is bad? Look overseas Think the east coast gas price is bad? Look overseas Think the east coast gas price is bad? Look overseas

Prices shooting up overseas

The latest EnergyQuest quarterly notes that gas' price-setting role on electricity prices rose from 8% in the hot first quarter of the year to 20% in the third quarter with much of that in the evening