'Softened up' for $14/mcf !?!
That was 6 months ago, in these parts we're now getting used to the idea of $20/mcf!
I take it you haven't seen the UK future strip
http://futuresource.quote.com/quotes/quotes.jsp?s=GWM-ICE
(Figures are pence per therm - roughly 100p/therm = $20/mcf)
And more data is available from the horses mouth at
https://www.theice.com/marketdata/settlementPrices/getDailySettlementsResults.do
UK natural gas is trading at 90p-110p/therm out to 2012.
Continental gas markets are reasonably well connected to the UK via the pipeline system.
gazprom softening europe for higher gas prices, page-3
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