Klement on Investing

Klement on Investing

Winter is coming

Joachim Klement
Jul 18, 2023

Well, winter is not coming just yet, but round about this time last year, natural gas prices started to explode as speculators bet on a cold winter and insufficient gas supplies to Europe due to the sanctions against Russia.

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jbnn
Jul 18, 2023

The EU still imports RU gas, about 5% of total:

https://www.politico.eu/article/ukraine-warns-it-wont-negotiate-new-russian-gas-transit-deal/

With for instance AU sill on a relatively firm RU diet:

https://www.linkedin.com/posts/anne-sophie-corbeau-8a758a4_russian-pipeline-gas-activity-7083065841344204800-XlGf/?utm_source=pocket_saves

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Joachim Klement
Jul 18, 2023

Ok, thanks for the correction. Much appreciated.

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