2024-12-22 01:14
IndustryGas Traders Count Down to New Year's
As Austria rings in 2025, the country faces the end of Russian natural gas supplies after an agreement with Gazprom expires. With Russia supplying 80% of Austria's gas, the nation must quickly adjust to new routes from Germany and Italy, ensuring storage can meet winter needs.
Gas consumption has already dropped 20% since the war in Ukraine, and Austria's economy is retooling for the shift. The market faces uncertainty, and while storage is secure for now, volatility is expected as new supply routes and market dynamics are established.
#Energy #Austria #Gas #Russia#EnergySecurity #NaturalGas
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Gas Traders Count Down to New Year's
| 2024-12-22 01:14As Austria rings in 2025, the country faces the end of Russian natural gas supplies after an agreement with Gazprom expires. With Russia supplying 80% of Austria's gas, the nation must quickly adjust to new routes from Germany and Italy, ensuring storage can meet winter needs.
Gas consumption has already dropped 20% since the war in Ukraine, and Austria's economy is retooling for the shift. The market faces uncertainty, and while storage is secure for now, volatility is expected as new supply routes and market dynamics are established.
#Energy #Austria #Gas #Russia#EnergySecurity #NaturalGas
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