Europe suddenly has a glut of natural gas, sending prices lower and easing fears of winter fuel shortages as the continent cuts its dependence on Russian energy
. Moscow says it is a reliable supplier and blames sanctions for the interruption.
The drop in prices reflects, to some extent, the limitations of European gas infrastructure. If Europe had greater storage space or more terminals that can turn supercooled gas delivered in LNG tankers back into gas, traders could keep bidding for gas to stow away for winter. But with stores close to filling up, finding room to house gas has become a challenge.
Futures markets point to higher prices from December, when colder weather is expected to boost demand and stores will start to dwindle. Governments, regulators and power and gas grid operators including Germany have readied plans to protect the most vulnerable energy users over winter in case stores run low, for example by imposing blackouts and cutting off non-priority industries.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US home prices continued to lose momentum in August | CNN BusinessUS home prices continued to gain ground in August, but the pace of growth slowed considerably as rising mortgage rates pushed more prospective buyers out of the market.
Leer más »
US home prices slowed in August at the fastest pace on recordMortgage rates that have doubled over the past year are sapping demand from the housing market, which saw price growth decelerate at the fastest pace on record in August.
Leer más »
Dallas-Fort Worth home prices were still up 20% in August despite slowdownWhile the rapid growth in North Texas home prices has been cooling down over the last several months, prices are still up significantly from a year ago.
Leer más »
US home prices saw record slowdown in August | CNN BusinessUS home prices continued to gain ground in August, but the pace of growth slowed considerably as rising mortgage rates pushed more prospective buyers out of the market.
Leer más »
US: Envision AESC Targets 70 GWh/Year Of Battery Manufacturing CapacityEnvision AESC confirmed a second large EV battery gigafactory project in the US this year - a 30 GWh factory is coming to South Carolina.
Leer más »