Equinor CFO: European Gas Market 'Very Fragile' Ahead of Autumn and Winter Months
12 Articles
12 Articles
Starting up for the gas price, while looking at the situation in the Middle East and the Strait of Homruz. In Amsterdam the prices increase by 2.2% to 63,89 euros per megawattora. (ANSA). (ANSA)
The gas price has risen sharply recently. On the European wholesale market, the price reached over 62 euros per megawatt-hour today. Less than a month ago, it was still below 41 euros. The gas price is now also just slightly higher than the previous peak in March at the start of the war between America and Iran. Before that war, which began in late February, the price was less than 30 euros. Consequently, the gas price has now more than doubled.…
Equinor CFO: European gas market 'very fragile' ahead of autumn and winter months
Equinor CFO Torgrim Reitan tells CNBC Europe's gas storage facilities are well below capacity, leaving it particularly exposed to the conflict in the Middle East and the LNG supplies currently stuck in the Straight of Hormuz. It comes as Equinor posted a sharp rise in second quarter profits, boosted by rising oil and gas prices.
European gas prices rose by more than 20 percent over the past seven trading days and reached near their highest level since mid-March. The escalating conflict in the Middle East is causing the supply outlook towards the winter to worsen.
Algemeen Dagblad
bndestem.nlEuropean gas prices rose by more than 20 percent over the past seven trading days and reached near their highest level since mid-March. The escalating conflict in the Middle East is causing the supply outlook towards the winter to worsen.
European gas prices rose by more than 20 percent over the past seven trading days and reached near their highest level since mid-March. The escalating conflict in the Middle East is causing the supply outlook towards the winter to worsen.
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