Dutch and British wholesale gas prices held steady on Friday morning as warmer forecasts limited some of the upside momentum sparked by expectations of intensifying competition from Asia for liquefied natural gas (LNG) deliveries.
LNG plant workers in Australia have taken a vote on whether they may to strike at several key LNG facilities, and with Australia being one of the largest LNG exporters in the world.
prices can jump very quickly up. and we have seen that recently in the nordics, as well. a little bit of disruption in transmission line availability, nuclear availability, and so on prices canjump up massively, from close to zero up to several hundred euros per megawatt hour. and markus, let me end on this has europe done enough to keep the lights on this winter? europe has certainly done a lot. so, ithink, looking back, i m a little bit positively surprised that europe was able to do as much as it did then to convert from partly being reliant on supplies from the east, to actually imported lng. and if you look at the gas storage levels in europe now, actually, they are already over 90%. so, from the gas supply point of view, things look quite robust for this coming winter. but again, even with these gas storage levels, you can see that a little bit of bad news from any direction immediately impacts the closer gas prices.