Posted 10/18/2023, 7:40:00 PM
European Gas Market Faces Volatile Winter Despite High Storage Levels
- Europe's gas market expected to be volatile this winter despite high storage levels, says Equinor CEO
- Loss of flexible supply from Groningen field and dependence on maxed out Norwegian output
- Market uncertainty around LNG supply and fluctuations in renewable energy production
- Weather the most important factor currently with many variables affecting gas market
- More Barents Sea discoveries needed before pipeline from north to south Norway feasible