October was a very mild month in Europe and the gas storage tanks could have been filled to a large extent all over Europe. This helps nicely in the effort to get through this winter without a real gas shortage, along with LPG shipments from abroad. Europe probably won’t have a problem with too little gas, gas consortium INES said last Friday has been confirmed. But if you want to use the word gas crisis, it probably means that we will continue to buy gas at very high prices. Because the Japanese government He said only yesterdayCheaper fixed contracts for LNG delivery are fully booked for years to come. So Europe will likely continue to buy additional gas on the more expensive spot market.
Today, statements were issued by one of the world’s largest commodities traders on the subject of the gas crisis this year and next. Mild weather in Europe in recent weeks is preparing the region to avoid natural gas shortages this winter and next, according to Trafigura Group, one of the largest commodity traders in the world, according to Bloomberg. According to Trafigura CEO Jeremy Weir, gas supplies in Europe are likely to shrink by about two-thirds this winter, assuming the weather cooperates and Russian gas continues to flow through Ukraine. He added that this means that the region will be able to cope with the coming winter and could have enough insulating fuel to avoid a crisis next year.
“If that’s the case, then we may not have as many problems next winter, and that’s the real concern,” Trafigura CEO Weir said Wednesday at the FTSE Commodities Summit in Singapore. “The jury is still out, but I think an important case has been defused.”
Exceptionally mild weather in northwest Europe since October has caused gas prices to fall sharply from record summer levels. The region has also been quick to restock and import liquefied natural gas, a pretty cool fuel that’s transported by ship rather than pipeline. Weir said, “We have a situation where the gas supplies in Europe are stored very well.” “We were very concerned about energy prices and that has subsided.”
Nevertheless, Gazprom yesterday threatened by it On cutting gas supplies through Ukraine next week, after the Russian producer expressed his fears of the arrival of quantities to Moldova.
Government and utility officials have warned that Europe could face severe gas shortages next winter, when the global energy crisis is likely to peak. Russia has essentially shut off gas supplies to Europe, which will make it difficult for the region to replenish supplies.