Equinor CEO Warns of Potential European Gas Price Spikes This Winter
Equinor CEO Anders Opedal has cautioned that Europe remains vulnerable to significant natural gas price volatility during the upcoming winter season. The warning stems from concerns that a sudden increase in demand driven by cold weather could strain existing supplies. The risk is compounded by the depletion of current storage levels and an increased regional reliance on securing limited liquefied natural gas (LNG) cargoes. This dependency makes European energy markets particularly sensitive to supply fluctuations and global competition for LNG.