The announcement of a ceasefire has not restored calm to the energy markets. Analysts from three leading think tanks attribute the ongoing volatility to deeper structural issues that have emerged in recent months.
The ceasefire between conflicting parties was expected to ease pressure on energy supplies. Instead, prices for natural gas and electricity have continued to fluctuate unpredictably. European markets, in particular, remain sensitive to changes in export policies from key suppliers. The European Commission has warned that winter stockpiles may not be sufficient if disruptions persist.
Structural problems identified by analysts include reduced storage capacity in several EU countries. Infrastructure bottlenecks in gas pipelines have also worsened, limiting the ability to redirect supplies quickly. One report from the International Energy Agency notes that LNG terminals are operating at near full capacity, leaving little room for additional imports.
The Norwegian government has acknowledged concerns about the stability of European energy markets. Energy Minister Terje Aasland stated that while Norway has increased gas deliveries, the situation remains fragile. "The market is still under strain," Aasland said. "We are monitoring developments closely and stand ready to adjust our export plans if needed."
Industry experts warn that without significant investment in infrastructure, the energy crisis will persist. The German Association of Energy and Water Industries has called for accelerated expansion of renewable energy sources to reduce dependence on fossil fuel imports.
Source: tu.no