Scenario one: High volatility, tight LNG markets
In a scenario characterised by global LNG tightness, regulatory uncertainty, and persistent geopolitical risk, European gas prices remain volatile with frequent spikes. Average prices may moderate, but extreme events become more common.
Under this...
The European natural gas market has moved decisively away from its pre-2020 equilibrium. Price formation, supply security, and cost competitiveness are no longer primarily dictated by long-term contracts and pipeline marginal costs. Instead, they are shaped by a volatile...
Electricity market coupling is often discussed in technical or commercial terms, but its most profound effects are political. By linking Montenegro’s market directly to Italy’s, coupling effectively removes the border as a buffer between domestic energy policy and European...
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