Equinor Says Harsh Winter Would See Asia, EU Battling for Gas
Snow-covered roofs in Paris.
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A harsh winter would push Asian and European consumers into competition for the same gas as supplies of the fuel are stretched, according to Equinor ASA.
“How big that fight becomes is completely dependent on the weather,” Equinor Chief Executive Officer Anders Opedal said in an interview at the company’s autumn conference on Tuesday. He does not foresee the extreme volatility seen in 2022, but said small changes in the market will have a big impact on prices because “we are right at the edge when it comes to the supply-demand curve.”