“We may have very large increases in fuel and energy prices”
“For now, it is too early to make predictions (related to conflict in the Middle East), the situation should become clearer within a few weeks. If the conflict is resolved within 2-3 weeks, it will not have a major impact on the market, but if the situation becomes more complicated and the crisis lasts several months, we may experience very large increases in fuel and energy prices, Krysta said during a press conference.
Natural gas prices
He recalled that they had reacted quite violently so far natural gas prices.
“It doesn’t matter where we import it from, because the market operates globally. Price is a secondary factor, and the most important thing is that the delivery arrives on time. If three quarters of LNG recipients from Asia have their supplies disrupted, we are dealing with a super contango phenomenon, which means that ships can be ‘bought up’ and redirected to other recipients even during the voyage,” he added.
As he emphasized, today the energy market is “relatively stable”.
The next 2-3 weeks will be crucial
“The closest one 2-3 weeks will be crucial in the context of how the situation will develop,” concluded the vice-president.
The basis of the Enea capital group’s operations is hard coal mining and the generation, distribution and trade of electricity. The group’s distribution network, located in western and southwestern Poland, covers 20% of the country. The company has been listed on the WSE since 2008. It had PLN 31.24 billion in revenues in 2024.
