Europe’s Gas Traders Now Fear Summer More Than Winter
Stockpiling fuel has become a challenge in the absence of new supply sources.
A liquefied natural gas carrier in the port of Sines, Portugal.
Photographer: Zed Jameson/BloombergThis article is for subscribers only.
Welcome to our guide to the energy and commodities powering the global economy. Today, reporter Elena Mazneva looks at why the stockpiling season has turned into a challenge for Europe’s gas market.
Summer used to be a quiet time for Europe’s natural gas market: No heating demand meant traders could enjoy their annual breaks and energy producers felt safe to shut facilities for seasonal maintenance. That sense of calm now seems a distant prospect.