Vitol Says Weather Key to Calming ‘Frantic’ Market: Gas Update
- Trader’s CEO Hardy says storage situation in Europe is ‘tight’
- Qatar says it can’t keep up with surging demand for its LNG
Photographer: Leon Neal/Getty Images
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The world’s biggest gas traders and producers are meeting in Dubai this week for the Gastech conference — the first major in-person event for the industry since the onset of the coronavirus pandemic.
The conference, running from Sept. 21-23, is happening just as Europe faces a gas crunch, with prices spiking to record levels and analysts warning that some countries could face blackouts when winter sets in. Gas prices in Asia and Europe have surged to the equivalent of around $155 per barrel of oil.