Global gas prices are expected to remain volatile, even though Europe is better positioned heading into winter this year, said industry executives at a conference on Tuesday. Global gas prices leapt to all-time highs last year after Russia cut its gas supply to Europe, leading the bloc to import record amounts of liquefied natural gas (LNG) and causing Asian spot prices to hit historic highs. Michael Lewis, CEO of German utility Uniper, said that while Europe’s natural gas market was much better positioned this year thanks to reduced industrial demand and higher storage levels, European gas prices remained subject to ... (full story)