{video} This is a market that had seen a lot of noise due to the invasion of Ukraine, and of course concerns that perhaps the European Union would not have enough natural gas. That being said, you can’t say the same about 2023, which was a bit surprising. Demand and Conflict Natural gas markets have seen a lot of noisy behavior in both the demand part of the equation and the geopolitical part. For example, demand has fallen due to the fact that most of the winter for 2023 has been relatively mild. Surprisingly, the coup d’état in Niger did not kick off a huge move that lasted for any significant amount of time. F ... (full story)