Although European prices have dropped to around 50 euros ($53) per megawatt hour (MWh) from last August’s peak of more than 340 euros, they are still above historical averages. This means European governments face another hefty bill to refill storage ahead of peak winter demand. To offset market volatility and avoid shortages, they will have […]
An additional 23 billion cubic meters (bcm) of LNG is expected this year, Birol said, even with an easing of pandemic restrictions with only a small increase in economic output, with China swallowing 80% of the additional gas. is likely to. “Even if we have enough LNG import terminals, there may not be enough gas […]
