One far-reaching consequence of the Russian invasion of Ukraine has been the total transformation of global gas markets. A global Liquified Natural Gas (LNG) boom has taken place, with LNG markets surpassing the pipeline trade to the detriment of Russia, as Europe make strides in returning to energy normalcy. LNG, it seems, will have a key role to play in Europe’s energy transition.
Twenty years ago, the market barely existed. Today, it carries major operators which count employees by the hundreds and income by the hundreds of millions, with Wonderbox at the top. Because the market was created ex-nihilo (the first operators did not respond to a demand, but created it themselves), it became an excellent case study for early market development. How did a non-existing market give birth to a European leader worth nearly 200 million euros in sales in just a few years?
The environment of the present interest rate is giving Europe’s back up plans a difficult time. The biggest safety net providers are presently adequately promoted and have broadened portfolios that have the capacity to withstand low interest rates, however smaller specialty organizations will be unable to withstand yields staying low for an extended period of time.
The rising inflation rates to 0.3% in the month of May introduce fresh breath of hope in the European economy.
As mainstream-parties are seeing a change in their support pattern, creating unpredictable political trend in Europe, the parties remain under pressure, while the lesser known ones begin to come in the fore-ground.
