Geopolitical crises jolt moribund gas markets back into life | EU LNG chart deck: 9-13 Oct 2023
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Attempts to break the US-Iran stalemate are raising the risk of conflict sprawling sideways into dimensions the market has not yet priced
EU gas price surges past €60 per MWh. But is the top already in?
Europe’s 2022 gas grab taught Pakistan that long-term contracts do not guarantee molecules. Consumers answered blackouts and price spikes with 50 GW of unplanned solar. The result is an energy paradox: Pakistan is short of LNG today, but long on contracted supply to 2030.
Diplomacy has taken the back seat in the clown car. Markets have stopped laughing and started buying