Pubblicato in: Devoluzione socialismo, Materie Prime, Unione Europea

Blocco europeo. Prezzi degli energetici fuori controllo. Stagflazione in casa.

Giuseppe Sandro Mela.

2021-09-10.

2021-09-08__Europa Natural Gas 002

Il tre settembre il carbone quotava 179, +122.36% anno su anno, il natural gas 4.694, +84.88% sempre anno su anno.

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«Europe is facing a shock in energy prices as natural gas and electricity costs hit record highs»

«A gas supply crisis is pushing up the cost of electricity generation from the UK to Germany, as businesses reopen and people return to the office, increasing demand»

«Rising prices are fueling inflation and threatening to halt economic recovery as energy-intensive industries from fertilizer to steel may need to curb production»

«Prices are rallying, even though it is still summer, when demand is usually low, setting the stage for a tough winter»

«Utilities are raising prices for consumers at the same time raising everything from food to transportation costs, a headache for politicians trying to garner support for the energy transition»

«The problem hasn’t even started yet, …. Europe will face a very cold winter»

«Warmer weather and lower wind speeds are curbing renewable energy production, increasing the use of fossil fuel-powered generation and driving up the price of coal in Europe by more than 70% this year»

«Europe is facing a gas shortage after storage sites were emptied after a cold winter»

«Boosting inventory – already the lowest in less than a decade – hasn’t been easy, with top supplier Russia limiting inflows at a time when Asia is scooping up cargo of liquefied natural gas that would otherwise go to Europe. can go»

«Domestic production is also declining, with the giant Groningen gas field in the Netherlands possibly closing three years ahead of schedule»

«we can have spot prices reach the triple digits»

«Energy executives from Italian utility giant Enel SpA and Austrian oil and gas major OMV AG have already warned of a tough winter ahead»

«gas and electricity prices in Europe could translate into a 20% increase in the average double fuel utility bill of European retail consumers»

«Monday’s prices hit a record low after low wind and a delayed return of two nuclear reactors meant additional supplies were scarce. While network operator National Grid plc reassured the market that the situation was manageable, it acknowledged that the cushion of excess supply this winter is going to be less than last year»

«Higher gas prices are making coal production more profitable, increasing the cost of the carbon permits needed to cover emissions»

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Mondo. La catena degli approvvigionamenti continua a peggiorare.

Baltic Dray Index 4,235, Materie Prime ancora in salita. Inflazione.

Putin riduce giorno dopo giorno le forniture di gas naturale ad una Europa quasi senza scorte.

Kremlin. Putin. La Russia potenzia estrazione ed esportazione del carbone.

Mondo. Prezzi Materie Prime sempre in crescita. L’inflazione è una realtà duratura.

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Il tre settembre il carbone quotava 179, +122.36% anno su anno, il natural gas 4.694, +84.88% sempre anno su anno.

Si aggiunga poi che tutti gli stati europei applicano agli energetici una severa tassazioni ecologica, fatto questo che fa ulteriormente levitare i costi, generando una suppletiva inflazione.

Questo è quanto.

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Europe Faces Energy Price Shock With Gas and Power at Records

Europe is facing a shock in energy prices as natural gas and electricity costs hit record highs.

A gas supply crisis is pushing up the cost of electricity generation from the UK to Germany, as businesses reopen and people return to the office, increasing demand. Rising prices are fueling inflation and threatening to halt economic recovery as energy-intensive industries from fertilizer to steel may need to curb production.

Prices are rallying, even though it is still summer, when demand is usually low, setting the stage for a tough winter. Utilities are raising prices for consumers at the same time raising everything from food to transportation costs, a headache for politicians trying to garner support for the energy transition.

“The problem hasn’t even started yet,” said Julien Horau, head of EnergyScan, the analytics unit of French utility Engie SA. “Europe will face a very cold winter.”

Benchmark European gas futures trading in the Netherlands hit record highs on Monday, as did UK prices. Short-term electricity in Britain also rose to an all-time high, as year-ahead contracts in Germany – Europe’s biggest electricity market – also climbed to a record high.

Warmer weather and lower wind speeds are curbing renewable energy production, increasing the use of fossil fuel-powered generation and driving up the price of coal in Europe by more than 70% this year. All this brought the cost of pollution to an all-time high in Europe.

Europe is facing a gas shortage after storage sites were emptied after a cold winter. Boosting inventory – already the lowest in less than a decade – hasn’t been easy, with top supplier Russia limiting inflows at a time when Asia is scooping up cargo of liquefied natural gas that would otherwise go to Europe. can go.

Europe could not rely on its own production, with numerous blockages from the North Sea disrupting flows. Domestic production is also declining, with the giant Groningen gas field in the Netherlands possibly closing three years ahead of schedule. Gas prices are so high that they are trading at a rare premium to crude.

Rising energy prices have sent German inflation to its highest level since 2008. Prices rose 3.4% in August, higher than the 2% rate targeted by the European Central Bank for the euro area. Things could be worse still if cold weather recurs in 2018, when animals from the east brought freezing temperatures to Western Europe.

“If we have a weather event like the Beast of the East, I wouldn’t be surprised that we can have spot prices reach the triple digits,” Horau said.

Energy executives from Italian utility giant Enel SpA and Austrian oil and gas major OMV AG have already warned of a tough winter ahead. According to Citigroup Inc., gas and electricity prices in Europe could translate into a 20% increase in the average double fuel utility bill of European retail consumers.

“The ghost of energy poverty could quickly fall across Europe this winter,” Citi analysts, including Alistair Syme, said in a note.

Utilities in the UK from Electricity de France SA to EON SE have already raised domestic rates.

“As the current strength in wholesale prices feeds rapidly through retail tariffs in the coming months, attention is likely to increase on the role of governments in mitigating the effects of the increase in both the short and medium term,” said Glenn Rixon, chief Said of European power analysis at S&P Global Platts in London.

The UK electricity market is already showing signs of tension and it is not even cold yet. Monday’s prices hit a record low after low wind and a delayed return of two nuclear reactors meant additional supplies were scarce. While network operator National Grid plc reassured the market that the situation was manageable, it acknowledged that the cushion of excess supply this winter is going to be less than last year.

Higher gas prices are making coal production more profitable, increasing the cost of the carbon permits needed to cover emissions.

“Those who trade the carbon market are hostages to the fortunes of gas,” said Louis Redshaw, director of Redshaw Advisors Ltd. If gas prices fall, those lignite plants will run out of money and the people who own that carbon will want to sell.”