Tag #Guido Brusco

How has the reliance on LNG impacted European gas markets, and what role have storage levels played in price dynamics?

While LNG has mitigated the impact of Gazprom's cuts, it has also exposed Europe to LNG price volatility due to the imbalance between supply and demand, especially from competing Asian markets. Lower-than-expected gas storage levels (15% below last year) further exacerbate this, resulting in a flat price spread between summer and winter.