Gas prices have risen sharply over the past week due to possible LNG export restrictions in Australia. The fact that this will have little direct impact on Dutch and European gas imports seems to be dismissed as irrelevant by the market. Where you should have expect a possible price reaction in the contracts for the coming winter, on the contrary, the price of the contract with delivery in September turned out to rise sharply. This also had a major impact on the prices of electricity. In this update, we also look at the impact on French nuclear plants of higher water temperatures in French rivers and the export ban on uranium by Niger’s new leaders. Finally, we contrast policy and price developments between the UK and EU emissions trading schemes.