Europe's Gas Traders Are Watching These Five Drivers This Summer [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Summer used to be a slow season for Europe's gas market, but for a third year in a row, it's shaping up to be full of tension. In a sign of the long-lasting damage left by the energy crisis, traders are once again heeding global risks that could upend the region's balance of fuel supplies. Front and center to those are potential actions by Russia, as well as other events that would hinder the production and movement of liquefied natural gas around the globe. Article content While volatility is nowhere near the highs of summer 2022, Europe's market been quick to react to drivers that could make it more difficult to build up fuel inventories in time for winter. EU Sanctions on Russian LNG One of those risks is related to sanctions the European Union is considering imposing on the transshipments of Russian LNG through its ports. Producer Novatek PJSC relies on stopovers
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