[Skybird]

The most obvious reason why prices will not go back to previous levels, surprisingly gets not mentioned often: LNG gas is much more expensive than pipelined gas. Simple. That was the argument why nobody in the German industry wanted to increase buyings of overpriced American LNG gas, while Russian gas was much cheaper. Now we must buy it, we have no choice anymore. Also, many sales of LNG to 'Asia have been rechnalled to Europe - by placing much higher heaps of money on the table than the Asians did. Same with Africa, where LNG now is rare.