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Europe is once again affected by war Ukraine ? For now, this is the situation. But in a few weeks, Old World Some market participants are warning that they may have to face further increases in energy prices.
this Ukraine War This has led to a real energy crisis on the European continent from the outset. In fact, countries dependent on Russia have been forced to reinvent themselves and look for new partners and, thus, sources of supply. This has led to a sharp increase in costs, which have been passed on to the final consumer.
TotalEnergies boss warns
If many people think the worst is over, today some experts are sounding the alarm. Patrick PouyaneChief Executive Officer Total EnergyDespite ample stocks in Europe, the risk of further price increases remains. The reason? A very important contract is about to expire.
In fact, the transit agreement stipulates that Russian gas passes throughUkraine It’s about to end. Kyiv For its part, it confirms that there are absolutely no plans to extend the deadline. Therefore, it is necessary to find a new supply route to ensure the ability to benefit from Russian gas, even if imports become increasingly scarce.
Europe faces volatility risk
To be precise, this lack of quotations revealsEurope to volatility. The U.S. lags behind in deliveries Liquefied Natural Gas wait Norway As AlgeriaFor example, it is impossible to meet all demand alone. Therefore, there is little room for European countries to face further increases in gas prices per cubic meter (m3) in the coming months.
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