Earlier this week, the European Commission published a statement declaring what he called a “safety cap” for gas prices set at 275 euros, or $283, per megawatt hour. Hailed as the long-awaited gas price cap that EU members have been discussing for weeks now, the cap’s objective, according to the Commission, will be used as …
Gas price caps could cause irreversible damage to energy markets | OilPrice.com Read More »
Large volumes of new LNG supplies are coming to market this decade, but none of the huge export capacities currently under construction will arrive in time to ease Europe’s tight gas market, either in 2023 or 2024. The United States and Qatar, the world’s main LNG exporters, will have plenty of new capacity after 2025, …
The European gas market will remain tight until at least 2024 | OilPrice.com Read More »
The threat of a sharp rise in gas prices and supply disruptions is growing as Europe heads into winter without the assurance of plentiful, cheap gas from Russia. These gas supplies could come to a complete halt if the European Union (EU) gives final approval to a cap on gas prices from Russia at its …
Iran eyes new export markets for gas from South Pars | OilPrice.com Read More »
