Europe’s Gas Traders Are Watching These Drivers This Summer
- Risks linked to Russia, global outages could shake markets
- Futures have been quick to react to news impacting supply
Norway is Europe’s top gas supplier now that most of Russian pipeline supply is gone.
Photographer: Jason Alden/Bloomberg
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Summer used to be a slow season for Europe’s gas market, but for a third year in a row, it’s shaping up to be full of tension.
In a sign of the long-lasting damage left by the energy crisis, traders are once again heeding global risks that could upend the region’s balance of fuel supplies. Front and center to those are potential actions by Russia, as well as other events that would hinder the production and movement of liquefied natural gas around the globe.