EU energy – the art of the possibleReport Date: 12th October, 2022
Germany went off and did its own thing, rather than the EU thing, in its new gas and electricity “Third Relief Package”. This has annoyed other EU states. But it will not fracture EU solidarity to confront Russia and support NATO. Putin’s crimes ensure as much.
The TTF gas price is now very close to our target of €150/kwh. It can go lower because EU gas storage capacity is nearly full and then the surplus will have to be sold. We are looking to close that short when our target price is hit.
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