A Renaissance of Fossil Fuels: Consequences of Europe’s Energy Market Panic

... the core of debates. Europe will still compete with Asia for the LNG shipments remaining on the market, although it is unlikely to be willing and able to pay more than its competitors in Asia. There are few factors that could improve the situation in Europe, which will fuel greater interest in Nord Stream 2. The ardor of traders may temporarily be cooled if the requirements of the German regulator, the Federal Network Agency (BnetzA), for granting a license to use the pipeline are met. However, Berlin is unlikely to rush to this decision,...