Mmastodon WorldEU Politics first seen 17 h ago, last 9 h ago, peak #1
Europe's winter gas storage trade is unraveling
Original: For decades, traders have bought cheap gas in summer, stored it and then sold it at a higher price when needed to ensure
For decades, traders bought cheap natural gas in summer, stored it, and sold it at a premium in winter to keep Europe supplied through the cold months. That long-standing business model is now breaking down, according to a report in The Japan Times, raising questions about how the continent will manage seasonal fuel supplies and whether adequate winter storage can still be guaranteed.
Why now: Traders and energy markets are reacting to the collapse of the economics behind Europe's seasonal gas storage trade.
EuropeThe Japan Timesnatural gas traders
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