Gerd Woelbling’s Post

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Senior Origination Manager at VNG Handel & Vertrieb GmbH

A perfect, natural hedge for the US, Middle East and China? Either Europe will need to purchase their fuels, including Gas to compete with China, while China strives to become less dependent on Energy imports, or the industries will relocate to the US, the Middle East and China, and leave Europe as an industrial museum, that failed on its own hybris and denial of the changed Status Quo? Europe Is Gaslighting Itself About Its Energy Woes As gas prices rise, politicians are in denial about the challenges a cold winter may pose. The challenge is encapsulated by two prices. First is the cost of gas in Europe, measured by the so-called Title Transfer Facility benchmark. On Wednesday, it was about $14 per million British thermal units. The second is the cost of the same gas, but in the US, measured by the Henry Hub benchmark. On Wednesday, it was at $3 per mBtu. Now, put yourself in the shoes of the board of directors of a global energy-intensive manufacturing company. How long would it take you to decide that Europe isn’t a good location for future investment?

Europe Is Gaslighting Itself About Its Energy Woes

Europe Is Gaslighting Itself About Its Energy Woes

bloomberg.com

Yiyong He

Founder / CEO at LNG Easy Pte. Ltd

1mo

Choose China

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