13:05 25 January 2022
Post by: WBJ

The European energy crisis is not over yet

The European energy crisis is not over yet
Source: Photo by NASA on Unsplash

According to Goldman Sachs, the tightness in European gas markets will linger for another three years. While the current shortage in European natural gas was partly driven by transient drivers, such as exceptionally cold weather in the region supporting gas

demand in 1H2021, it also reflects structural drivers that will only intensify in the coming


“As we near February, approaching the end of the heating season in the Northern Hemisphere, it’s tempting to think that the European energy crisis is over, especially with record-high inflows of LNG from Asia into Europe. We view such a take as premature. This is not only because near-term risks to European gas supplies persist, but also because the uncertainty around European gas supplies extends through the coming summer - and likely through 2025. This means that, while not our base case, the tightness in European gas balances that drove prices to historic levels late last year to drive industrial demand destruction might repeat itself over the next few years,” the release reads.


goldman sachs

More News


1 month ago

The partnership is all about complementing each other: model

2 months ago

‘We are beginning to believe that we are gods, and there is only one God’: Maja Frykowska

3 months ago

'I prefer to spend time with my daughter instead of reading comments about myself: Joanna Krupa

4 months ago

Heckling and criticism become part of being a public figure: Malgorzata Ohme

Book of Lists

Book of Lists
1 year ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
2 years ago

25th jubilee edition of Book of Lists – project start