Veteran natural gas trader Bill Perkins warned Thursday of potentially “catastrophic pricing” this winter if Russia’s move to cut gas supplies to Poland and Bulgaria ends in a full-blown energy blockade.
"Expect an elevated price and lots of volatility for the next few years," Perkins warned, describing his forward market outlook as"slightly bearish in the front" but"constructive and bullish long term."
"Given where prices are right now, and the flows of LNG [liquefied natural gas] to northwest Europe, it's actually a bearish situation barring the complete removal of Russian gas," he said."Given that they've fired the first missile … everybody else is on notice, so those bearish bets are trimmed back," he added.
"In the winter, all bets are off," Perkins said."Without Russian gas, which is about 40% of their gas supply or their demand for gas, it's really difficult to see how the market balances without running out of gas." Last year, the European Union imported 155 billion cubic meters of natural gas from Russia, accounting for around 45% of EU gas imports and close to 40% of its total gas consumption, according to a
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Russia Releases U.S. Marine Veteran Trevor Reed; European Gas Prices Surge After Supply StoppageRussia has halted gas supplies to Poland and Bulgaria because they have refused Russia’s demand to pay for gas in rubles. Gas prices in the region are surging.
Weiterlesen »
Russia releases US Marine veteran from Texas as part of prisoner exchangeRussia released Trevor Reed, a former Marine from Texas who was arrested in the summer of 2019 after Russian authorities said he assaulted an officer:
Weiterlesen »
Russia releases U.S. Marine veteran Trevor Reed as part of prisoner exchangeBREAKING: Russia has released former Texas Marine Trevor Reed in a prisoner exchange with the US, his family and a senior official says.
Weiterlesen »
Russia releases US Marine veteran as part of prisoner exchangeRussia and the United States carried out a dramatic prisoner exchange, trading a Marine veteran jailed in Moscow for a convicted Russian drug trafficker serving a long prison sentence in America, a senior U.S. official said.
Weiterlesen »
U.S. Marine veteran Trevor Reed is released from Russia in a prisoner swapReed had been held in Russia since 2019. He was exchanged for pilot Konstantin Yaroshenko, who was serving a 20-year sentence for conspiring to import cocaine into the U.S.
Weiterlesen »
Bank of Russia Seeks to Allow Stock Exchanges to Trade Digital Assets – Regulation Bitcoin NewsThe Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market.
Weiterlesen »