Paris: Prices of gas and electricity surged in Europe as a winter approach, forcing the government to react.
This is behind the increase in winter: European reference prices for natural gas have doubled in just six months, with an international energy body (IEA) identifying a number of factors behind a surge surge.
On the demand side, the global economic rebound from Coronavirus Shutdowns has increased gas use, while shares are abandoned after a long and cold winter that encourages their homes more.
Supply has been hit by less maintenance during the infrastructure of pandemic and aging.
Shipping based on pipes from Russia has been slowed by engineering work and API in August.
And imported natural gas (LNG) liquid from Asia failed to fill the gap because demand was also high there.
Consumers and businesses have been harmed by a surge in prices, with the ranking of the Fitch Fitter and Agribisnisnisnisnisnisnisnisnisnisan agribisnis.
The British government on Tuesday said he would step to pay CF fertilizer to restart two factories that have become unfavorable, because the by-products include vital carbon dioxide for the wider food industry and other applications.
Note also fell on the electricity market, with a contract of 2022 reaching 109 euros ($ 128, £ 97) per megawatst – hours in France, 112 in England and 105 in Germany.
“Basically the price of the Power of BaseLoad for the next 1 year almost doubled in most of the main electricity markets and is now at their highest level,” Barclays Bank analyst in a research note.
They highlighted two reasons for the increase: an increase of 80 percent this year for carbon emissions permissions as an EU UPS its climate ambition for 2030, and the knock-on effect of coal and more expensive gases used to produce power.
“The price of gas can remain high until the end of the winter heating season, given the low level of natural gas in European storage facilities,” Fitch analyst in the record published Wednesday.
And IEA warned that “the European gas market can face further stress tests of unplanned blackouts and sharp cold spells, especially if it occurs late at night”.
Paris-based bodies on Tuesday urged Russia to pump more gas to Europe, because Moscow faced the allegations back to the new pipeline that broke the divide to Germany was given a green light regulator to start operating.
US Energy Secretary Jennifer Granholm on Wednesday attacked “players who might manipulate supplies to benefit themselves,” while stopping naming Russia.
While London has stepped up to support CF fertilizer, several other countries also interpret.
In Spain, special taxes for electricity will be reduced for business and consumers, while France will issue energy coupons of 100 euros to almost six million households that are not good.
Portugal has intervened in electricity and Italian prices considering similar steps.
But while the European Commission said that in talks with member countries, there has been no action from Brussels so far.
Energy prices increase in the US, where several nervous sectors despite the size of the protection provided by domestic gas shale production.
Industrial consumers Industrial Grouping of American businesses calls for the government to limit the exports of LNG to maintain state reserves full.
The pressure on gas is also lower in Asia, although barclays predicted that “the demand for LNG will likely remain strong in Asia ahead of the Beijing winter Olympics” in February – the possibility of keeping comic prices.
Explanation: Why does Europe face a surge in gas prices
