2024-05-18 03:44:29
One of many major causes for concern is the uncertainty over the continuation of Russian fuel transit by Ukraine after the tip of the present settlement on the finish of 2023. Gasoline TSO of Ukraine dominated out the opportunity of a brand new transit deal, noting that there might be no capability auctions on the border.
“It’s unclear whether or not there might be any provide in any respect by this entry level, which creates loads of uncertainty and potential volatility out there,” stated Marco Saalfrank from Axpo.
One other danger issue is a doable surge in demand for LNG in Asia, particularly China.
“Competitors between Europe and Asia for LNG will proceed,” stated Patrick Dugas from TotalEnergies.
Analysts are additionally cautious of a chilly winter in Europe after two delicate seasons in a row, which may sharply improve fuel consumption. Failures at LNG vegetation within the US and Norway may once more exacerbate provide shortages.
“It does not matter what truly occurs, what issues is what folks anticipate. That is sufficient to drive costs increased,” stated Uniper’s Gregor Pett.
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