Europe's Industry Set to Suffer as Natural Gas Prices Surge

Europe’s industry is set to lose further competitiveness as high energy prices, rising natural gas prices, and concerns about gas supply this winter are increasing uncertainty about factory utilization amid rising costs. European benchmark natural gas prices are hovering around a one-year high hit last month as cold snaps in November dashed hopes and prayers of a third relatively mild winter in a row.

This winter could inflict more pain on industries relying on natural gas and force curtailments in production, analysts and industry executives have told Reuters. The much higher energy costs in Europe are putting its industries at a disadvantage compared to the U.S., Asia, or the Middle East. For example, the current Dutch hub price is almost five times higher than the benchmark U.S. natural gas price at Henry Hub.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

UK music industry scales record £7.6bn heights as grassroot venues sufferArtists from Adele and the Arctic Monkeys to Ed Sheeran and Harry Styles sees music business make and break records
La source: i newspaper - 🏆 8. / 89 Lire la suite »

Europe must make a choice on the steel industryThere is considerable investment into the green transition waiting to be activated, once policy clarity is achieved
La source: FT - 🏆 113. / 51 Lire la suite »

C-Next Designers Europe hosted by Cosentino is forging the future of the interior design industryHugo is a design critic, curator and the co-founder of Bard, a gallery in Edinburgh dedicated to Scottish design and craft. A long-serving member of the Wallpaper* family, he has also been the design editor at Monocle and the brand director at Studioilse, Ilse Crawford's multi-faceted design studio.
La source: wallpapermag - 🏆 36. / 67 Lire la suite »

EU Industry Chief Pushes for 'Europe First' Strategy Amid Global Trade TensionsStéphane Séjourné, EU's new industry chief, advocates for a 'Europe First' approach to safeguard European business interests in light of potential global trade conflicts triggered by US policies.
La source: ftenergy - 🏆 47. / 63 Lire la suite »