
Bloomberg warns of a shortage of natural gas in its publication, after the ban on the transit of Russian gas through Ukraine, which will affect the poorest countries.
According to the news agency, the loss of supplies through Russian pipelines has caused a "global gas race", especially in Europe.
It is expected that this situation will lead to an increase in the demand for liquid fuels and have a number of consequences.
These changes, as stated in the article, will mainly affect Europe, where the increase in the price of natural gas "will prolong the pain of rising bills for consumers and factories".
In addition, poorer developing countries from Asia to South America will risk being squeezed out of the market.
The Bloomberg article notes that this winter, for the first time, Europe is at risk of not meeting natural gas reserve targets, which will set the stage for a "supply feedback" as new LNG production capacity will not keep pace with demand.
"There will definitely be an energy shortage in Europe this year. This means that all the additional LNG volumes that will appear this year around the world will be used to cover the shortage of Russian natural gas," said Francisco Blanch.
To meet the projected demand, Europe will have to import about 10% more than in 2024. This will take some of the supply away from Asia and the competition will lead to price increases that countries like India, Bangladesh and Egypt will not be able to afford.
Moreover, this situation will negatively affect the recovery of the German economy.
It is also specified that additional LNG supplies will begin in 2026 and the second phase of their increase is planned for 2030. The main sources will be the USA and Qatar.
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