Outages could drive renewed European gas price volatility
Europe is better prepared than last winter, but risks remain
Europe’s high LNG import volumes last winter “pushed assets to the limit... and we will have to catch up on maintenance”, says Arno Bux, chief commercial officer of Belgian gas transmission system operator Fluxys and president of Gas LNG Europe, part of industry association Gas Infrastructure Europe (GIE). Speaking at the recent GIE conference in Riga, Bux warned that both import terminals “and also to some extent transport assets” were operating at or even above capacity. As a result, “there will be more unforeseen unavailability than in the past”, he says, adding that, while such outages “might not be an immediate or fundamental threat to security of supply”, they would “definitely contrib

Also in this section
30 November 2023
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for the 2024 heating season
30 November 2023
Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts
28 November 2023
Countries such as Pakistan will require fossil fuels for a long time to come, requiring a reframing of the narrative around the energy transition
28 November 2023
Rising LNG demand and supply risks are outpacing shipping logistics amid Panama and newbuild challenges