The Middle East is on the verge of total war
Hezbollah drone exploded next to the private home of Israeli Prime Minister Benjamin Netanyahu on Saturday, and Israel started a new one military attack on Hezbollah strongholds in Lebanon next day. Israel he has already announced revenge on Iran for the missile attack in early October.
Concerns about geopolitical situation had a negative impact on gas prices in recent weeks, additionally emphasizing the susceptibility to fluctuations at the beginning of the heating season fuel prices in Europe. In case gas marketsparticularly important concerns are related to risk closing the Strait of Hormuzgates to Persian Gulf and important waterway for the transmission of liquefied natural gas and crude oil.
The first attack of cold
Volatility has dominated gas prices in Europe. /Bloomberg
Moreover, at the end of the month it is expected significant cooling in Europewhich will put you to the test energy infrastructure region and its powerful gas storage facilities. According to Bloomberg’s weather forecast model, w Temperatures are expected to drop below seasonal norms in London, Paris and Berlin next week.
For now, there is enough gas for everyone
For now, Europe appears well-supplied, with more supplies arriving on its shores LNG. Pipeline flows from Norway they also rebounded. Dutch futures contracts for the next month, which is the European reference point in terms of gas prices, increased by 1.3%. to 39.71 euros per megawatt hour at 8:43 am in Amsterdam.