Despite a lull observed in the energy markets, they are still six times higher than before the crisis that began in the fall of 2021.
Gas and electricity prices are falling, but the energy crisis, caused by the instrumentalization of gas by Moscow against the backdrop of the war in Ukraine, continues to burden the European economy. The price of a megawatt hour (MWh) of gas is around 130 euros in France. This is more than half the price of the peak reached in August, when all European market players rushed to buy in order to fill gas storage in anticipation of winter.
These reserves are now 98% full in France and more than 90% in Europe, reducing the risk of shortages this winter. Not to mention that liquefied natural gas (LNG), imported from Qatar or the United States, continues to flow. Some players are reduced to making “floating storage”, that is to say to leave at anchor, off Spanish ports in particular, their LNG carriers filled with LNG. Waiting for an unloading slot.
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