Its growing dependence on LNG imports have made the EU vulnerable to supply disruptions and price shocks.
EU natural benchmark prices spiked earlier this year as s result of a potential strike in LNG exporter Australia.
The celebrations did not take very long to turn into complaints. Accustomed to cheap pipeline gas, European buyers were finding out that the LNG spot market had very different rules, which ultimately resulted in higher—much higher—prices when a new buyer as big as the EU appeared on the stage. Currently, European gas stocks are at a record high for this time of the year. In fact, a week ago – days before the news broke that Australian LNG workers are considering a strike – Reuters' John Kemp that this record-high level of gas stocks was keeping a lid on prices. All it took for the \\cover to blow off was the news of a potential strike in one of the world's biggest LNG producers.
earlier this month."We must continue to work on the issue of austerity. This is the best way to ensure affordability for customers and also to achieve competitiveness of our society and our economy."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gas price spike underscores Europe’s vulnerability to global energy shocks\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Weiterlesen »
European gas price jumps almost 40% over supply disruption fears\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Weiterlesen »
European Gas Prices Surge 30% On Australian Supply Fears | OilPrice.comEuropean natural gas prices have rocketed more than 30% on Wednesday, as traders panicked over the possibility of reduced LNG supply from Australia, a world leading supplier of the commodity.
Weiterlesen »
Agaves/tequila: end of spike fortifies high plains snifter\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Weiterlesen »
New Covid variant Eris found spreading rapidly in UK as cases spike across agesEris is the second most prevalent strain in the UK a month after it was raised a concern by UK health officials.
Weiterlesen »
Nottingham traders increase security over shoplifting spikeOne store manager says he dealt with two armed robberies and that shoplifting is 'part of the job'.
Weiterlesen »