Natural gas prices are through the roof in Europe right now due to anti fossil fuel policies! They closed down many nuclear and coal power plants in the last decade, and now they are shocked when they found out the prices are soaring
No, it is not because of anti fossil fuels folk. It is a globally affecting crisis from china to US to the smallest country in this world.
Oversupply
It started with the lockdown and oversupply of natural gas and low demand, literally, one year ago, in 2020 march, no one wanted to buy natural gas due to oversupply, which caused the reduction of its production due to the losses.
Winter of 2020
Some Asian countries started to lift the lockdown, and its companies started to reopen, and the winter of the last year was colder than it was anticipated, which caused overuse of gas stocks in the EU, Asia, and North America.
China
It was one of the Asian countries to reopen in the last year winter, factories needing gas and coal and the winter is harsh, for that China ordered all energy supplies to buy gas and coal for any cost, that caused the ships from going to the EU for instants to China.
The EU didn't need that gas anyway causes before the winter, their stocks were almost full, 95% of the stocks were full with natural gas and no were to stock more. But the winter surprised them, which caused overuse draining their supplies very quick, that was ok for them cause the winter not gonna last forever.
Spring 2021
It was the coldest spring in 140 years, and that was the bigger surprise. The EU went to buy more natural gas for the spring, but everyone, including big East Asian countries, buying almost all the natural gas for ventilation for the hot summer
Biggest producers of natural gas
The nro 1 producer, the US, got its production declined coz the wells got frozen
nro 2 to the world, and nro 1 to EU, Russia, one of its production sites got fire, which meant reducing the production and the demand skyrocketed in Russia because of winter
And they don't want to sell to the EU more gas natural than what they agreed on, even the production returned to its former level. but they gas sell more to any non-EU country. Why? because of political reason that involves Russia, EU, and the US, check Nord stream 2
Norway, got some technical and maintenance procedures problems with some of its factories, never to mention that a fire broke out in one of its factories in September 2020
And so on, it's not because of climate change activist folk that caused all that, but the pandemic, the cold and hot summer, and drought in Latin American countries that rely on hydroelectricity which caused the high demand