If so, the US has an over abundance of it and it's time we start shipping more LNG to those who want it. Don't know what the logistics are, but we are rich in natural gas. Still, don't know why our gas bills haven't gone down. Pretty much suspect the speculators. Same above for oil.
Government, actually, is who keeps that money from the spread of expected prices vs existing prices, as well as the money from 'penalties' for using more than the 'allowed therms per month (or whatever measurement your locality uses.)'
I have to admit, my head hurts when I try to figure out how to convert prices per thousand cubic meters to MMbtu. So I really can't figure out the equivelent price that Ukraine is paying. I suspect it is around 4.74 per MMbtu under this new price.
But hey, aside from the original article leaving off that the price is rising to $485 per a THOUSAND cubic meters, there's also this: gazprom press release - the rise in price is Russia enforcing old accords in an effort to follow the demands of the EU that they follow all existing accords. Ahh, Russians, they do love to beat people with their own sticks.