Real Assets
The price of natural gas in Europe, which typically accounts for about one-fifth of the bloc’s electricity consumption, has nearly quadrupled since the start of the year. The root cause is not one single issue but rather a series of event that have tended to reinforce and amplify a problem of demand outrunning supply. Natural gas is a flexible fuel that can be used to generate electricity, heat homes, and is an essential input to the chemicals and fertilizer industry.