Ed Morse, who stands in the el commodity research in Citigroup, don’t worry about it. Tvrd toti, e natural gas prices and the situation in these markets will calm down. As he said at Bloomberg, due to the current situation on the markets natural gas a wave of disagreement rose, but he stood behind him, explaining what was behind him.
Morse argues that tensions are now in relation to additions natural gas patrn zejmna u vroby electric powernen tomu tak v mind and heating buildings. He added, for example na so in a large turn to coal electricity. The ground now fulfills a strong wind uhland it should dream of imports natural gas do ny. What is the effect on the global market? natural gas a na should at the same time raise a global offer uhl.
According to the expert na so it increases your own natural gas and increases imports from countries such as Uzbekistanand so from Russia. This should bear the pressure we are now seeing in the global markets natural gasfree up capacity for Europe a and vsledku cause prices to fall commoditiesvetn Of Europe. According to the expert, it is unlikely that there will be uniform agreements on embargoes on imports Russian natural gas.
Morse said that European countries could even pursue a strategy in which they would take not only me, but more natural gas z Russia and pushed the average prices down. These are take-or-type contracts pay and in fact it could act as a tool for staen ruskch pjm them natural gasmn economist.
K n Morse jet added that her demand for energetic not yet nearly as strong as expected in connection with her pandemic measures. Not even in USA nen poptvka po rop as strong as predicted. Especially in the last week, this is evident in the demand for motor fuels. K n a USA se pidv tak Europewhich is noticeably reflected in the market around the world and would not be so surprising if the oil la dol.
Citi thus raised her predictions about you in USA. According to them, it should get straight from the winter this year 2019/2020. And this momentum should continue in in 2023. One of the reasons utaench market conditions was the decline americk production. But it is growing fast again and could be done without support americk vldy, added the expert.
Source: Bloomberg
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