global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
Global LNG Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
No Result
View All Result
Home LNG Contracts & Pricing

The European gas crunch: going well beyond Europe

Editor by Editor
3 years ago
Reading Time: 2 mins read
European gas crunch
Share on FacebookShare on TwitterShare on Linkedin

The European gas crunch is driving a greater commodity crisis, with its repercussions felt well beyond Europe.

RELATED POSTS

LNG-prices

Weekly review of natural gas and LNG prices

23 hours ago
Asian-LNG-buyers

Asian LNG buyers are most exposed to Strait of Hormuz crisis

2 days ago
TTF-prices

TTF prices rose to above €40/MWh

1 week ago

Asian spot LNG prices are trading at record highs, close to $50/mmbtu these days, on the growing competition with Europe for each and every molecule of chilled gas.

In the most price sensitive markets, this translates into growing energy poverty and acute energy supply insecurity.

And while Europe is debating on 15% gas demand cut, 12 hours power cuts have became the norm in Pakistan.

The gas crisis highlights also the intimate interplay with electricity prices in Europe: gas peakers are setting the power price in most European markets. the correlation factor between the two is just over 0.95.

And while this fuels an interesting intellectual debate on market design (with no magic solutions), winter is coming and many vulnerable households will suffer from the combined effect of rising gas, electricity prices and raging inflation.

The gas crisis also exacerbates the food supply crisis: over 10 fertilizer plants curtailed or stopped production in the EU by July 2022, further weighing on an already fragilized food supply system. gas accounts for around 80% of urea’s production costs.

Europe suffers a major gas supply shock, with Russia cutting its gas deliveries to the European Union by over 30 bcm yoy since the beginning of the year.

To put this into perspective, this is a several times greater shock than the one caused by the Fukushima disaster back in 2011, and goes well beyond gas and Europe.

As such, a broader policy response will be required: focusing on gas or energy won’t be sufficient.

And a closer dialogue between consumers and responsible energy producers will be needed more than ever.

Without a coordinated and timely response the global economy and livelihoods will inevitably suffer.

What is your view? what are the other implications of the current gas crisis? and what policy responses should be considered?

Source: Greg Molnar (LinkedIn)

Tags: European gas pricesEuropean gas security of supplyEuropean gas storageGreg MolnarNord StreamRussian gas exportsTTF prices
Editor

Editor

Related Posts

LNG-prices
LNG Contracts & Pricing

Weekly review of natural gas and LNG prices

23 hours ago
Asian-LNG-buyers
LNG Contracts & Pricing

Asian LNG buyers are most exposed to Strait of Hormuz crisis

2 days ago
TTF-prices
LNG Contracts & Pricing

TTF prices rose to above €40/MWh

1 week ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

1 week ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

2 weeks ago
LNG-sabine-pass
LNG Contracts & Pricing

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

TTF-prices

TTF prices rose to above €40/MWh

June 18, 2025
LNG-supply-wave

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

June 25, 2025
LNG-prices

Weekly review of natural gas and LNG prices

June 25, 2025

Recent Post

LNG-prices

Weekly review of natural gas and LNG prices

June 25, 2025
LNG-supply-wave

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

June 25, 2025
Asian-LNG-buyers

Asian LNG buyers are most exposed to Strait of Hormuz crisis

June 24, 2025
TTF-prices

TTF prices rose to above €40/MWh

June 18, 2025
LNG-prices

Review of natural gas and LNG prices

June 18, 2025
LNG-prices

Review of natural gas and LNG prices

June 11, 2025
LNG-HUB-Logo

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Weekly review of natural gas and LNG prices

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

Asian LNG buyers are most exposed to Strait of Hormuz crisis

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.