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Gyrating European gas price forecasts leave companies in the dark

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Amid concerns that gas prices could again spike higher, the options for some companies in Europe are stark.

Another fertilizer producer, Borealis, said prices were still too high to justify reopening plants it had halted.

Chinese and Asian demand for liquefied natural gas now has a more direct impact as Europe shifts away from piped Russian supplies to, increasing the focus on China’s economic recovery after its “zero COVID” policy U-turn. Eurofer’s Eggert said European industry faced other uncertainties, such as how to compete when the United States was offering hefty green industrial subsidies that could draw away investment from Europe. The EU has been drawing up a response.last year, are struggling to plan ahead.200-billion-euro package

 

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