Gas Crisis Is Far From Over for Europe Inc.
Energy costs well above historical norms threaten to plague the region’s industry for years.
A barge sails by BASF SE’s chemical plant on the Rhine River in Ludwigshafen, Germany.
Photographer: Alex Kraus/Bloomberg
Welcome to Elements, Bloomberg’s energy and commodities newsletter. Today, Senior Energy Reporter Stephen Stapczynski considers the pressure on European industry from high gas costs. In China, the lithium sector is reeling from sweeping closures, while Bloomberg Opinion looks back at a year that redrew the energy map. If you haven’t yet signed up to get Elements sent to your inbox, you can do that here.
European natural gas prices are down 85% from the highs of last summer, but that doesn’t mean industries are back on an even keel.