https://sputnikglobe.com/20230308/europes-energy-crisis-not-over-may-get-worse-says-energy-investment-banker-1108162909.html
Europe's Energy Crisis Not Over, May Get Worse, Says Energy Investment Banker
Europe's Energy Crisis Not Over, May Get Worse, Says Energy Investment Banker
Sputnik International
Europe's energy crisis is not over and may get worse, Guggenheim Securities Senior Managing Director Michael LaMotte said, adding there is no functionality in the gas market because of infrastructure constraints.
2023-03-08T00:53+0000
2023-03-08T00:53+0000
2023-03-08T00:53+0000
energy crisis in europe
europe
gas
gas prices
ceraweek conference
liquefied natural gas (lng)
https://cdn1.img.sputnikglobe.com/img/07e6/08/16/1099853225_0:160:3073:1888_1920x0_80_0_0_025c178a26b8f04d33a17b92fd5f0e63.jpg
LaMotte mentioned that currently there is no functionality in the gas market because of infrastructure constraints, which may take years to solve.However, LaMotte said there is talk about doubling or even tripling Liquified Natural Gas (LNG) export capacity in the US.Russia is off limits to western resources of capital for now in light of the Ukraine conflict, LaMotte noted.After Russia began its special military operation in Ukraine, the West's effort in limiting Russia's gas&oil related incomes resulted in a $60 price-cap imposed by G7 member states and Australia on December 5.In response to the price cap, Moscow banned the supply of Russian oil and petroleum products if contracts directly or indirectly provide for a price cap.
https://sputnikglobe.com/20230221/struggling-uk-households-spent-800-more-on-gas-in-past-12-months-amid-energy-crisis-study-shows-1107647897.html
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2023
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
europe's energy crisis, us benefits from eu energy crisis, lng in eu, what are the prospects of eu energy crisis, ceraweek 2023, european gas market
europe's energy crisis, us benefits from eu energy crisis, lng in eu, what are the prospects of eu energy crisis, ceraweek 2023, european gas market
Europe's Energy Crisis Not Over, May Get Worse, Says Energy Investment Banker
HOUSTON (Sputnik) - Europe's energy crisis is not over and may get worse, Guggenheim Securities Senior Managing Director Michael LaMotte said on Tuesday.
"Europe may have got through this winter surprisingly well but I don't think we're out of the woods yet. It's actually going to get worse before they get better," LaMotte said in a panel discussion during CERAWeek in Houston.
LaMotte mentioned that currently there is no functionality in
the gas market because of infrastructure constraints, which may take years to solve.
However, LaMotte said there is talk about doubling or even tripling
Liquified Natural Gas (LNG) export
capacity in the US.
Russia is off limits to western resources of capital for now in light of the Ukraine conflict, LaMotte noted.
21 February 2023, 08:17 GMT
After Russia began its special military operation in Ukraine, the West's effort in limiting Russia's gas&oil related incomes resulted in a $60
price-cap imposed by G7 member states and Australia on December 5.
In response to the price cap, Moscow
banned the supply of Russian oil and petroleum products if contracts directly or indirectly provide for a price cap.
