Gas Market Tightening to Set Stage for UK 'Inflationary Sting'.
In: Bloomberg.com, 2024-06-18, S. N.PAG
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Zugriff:
UK households may face higher energy costs and a potential "inflationary sting" if the natural gas market tightens before winter, warns energy consultant LCP Delta. Europe's reliance on global supplies is increasing, but liquefied natural gas shipments are being diverted to Asia where prices are higher. Geopolitical factors, such as wars in Ukraine and the Middle East, are also contributing to concerns about tightening supply. The UK, which lacks significant gas storage, relies on Europe's infrastructure for its energy needs. While UK gas futures are currently slightly below average, bills are expected to increase slightly in October coinciding with higher winter demand. Europe's storage facilities are currently 73% full, but unexpected outages, heat waves, and uncertainty over pipeline flows from Russia pose supply risks. [Extracted from the article]
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Gas Market Tightening to Set Stage for UK 'Inflationary Sting'.
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Autor/in / Beteiligte Person: | Rocha, Priscila Azevedo |
Zeitschrift: | Bloomberg.com, 2024-06-18, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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