This week’s episode of Energy Flux: On Air is all about the resurgence of geopolitics, rather than regulation, as the primary driving force behind EU natural gas markets.
Don’t get me wrong, regulatory risk has not evaporated — far from it.
After the apparent relaxation of the EU’s gas storage refilling targets, there’s lingering uncertainty around how existing regulations are being interpreted.
But the regulatory standoff generated by the European Commission’s confusing recommendation is unlikely to be resolved quickly.
In the meantime, the intense geopolitical newsflow emanating from Ukraine and latest round of ceasefire talks in Saudi Arabia is a bottomless source of market uncertainty.
This was always going to be the case, and I was planning to discuss it all at length in the podcast.
But an influx of reader questions on these topics in recent days confirms to my mind that warp speed geopolitical upheaval is the top issue of concern for market players and observers alike.
The Energy Flux posts referenced in the pod are as follows:
Happy listening :)
— Seb
P.S. Apologies if audio quality is not perfect, I’m still finding my feet with recording equipment and software.
More from Energy Flux:
Regulatory schizophrenia
The European Union’s regulatory machinery, ever-slow to course correct, may finally be lurching towards something resembling sense.
Dismantling the EU’s flawed equity LNG plan
* I dissected the EU’s plan to invest in LNG projects on the podcast this weekend. This Hot Take distils the main message.
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