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Štern on the potential for a surge in gas prices: "It won't be easy. There are no shortages, but..."
Croatia🏛️ PoliticsProgressiveOverlooked by conservatives

Štern on the potential for a surge in gas prices: "It won't be easy. There are no shortages, but..."

The International Energy Agency warns that Europe faces its lowest natural gas reserves since 2013, raising concerns about potential shortages this winter if diplomatic efforts regarding the Strait of Hormuz fail. In an interview with N1, energy expert Davor Stern stated that while a complete supply shortage is unlikely, consumers should expect higher prices due to the increased reliance on expensive Liquefied Natural Gas (LNG) rather than pipeline gas. Stern noted that storage levels are lower than previous years because LNG costs more to store and transport. He attributed slow progress in renewable energy adoption to disorganized systems and investor interests that do not align with state goals, such as insufficient investment in transmission infrastructure. Stern argued that Croatia should aim for energy neutrality by leveraging domestic green energy sources, LNG terminals, and strategic state intervention to ensure investors build necessary grid connections.

2 reports

N1 Hrvatska logoN1 HrvatskaIndependentProgressive
Štern on the potential for a surge in gas prices: "It won't be easy. There are no shortages, but..."

The International Energy Agency warns that Europe faces its lowest natural gas reserves since 2013, raising concerns about potential shortages this winter if diplomatic efforts regarding the Strait of Hormuz fail. In an interview with N1, energy expert Davor Stern stated that while a complete supply shortage is unlikely, consumers should expect higher prices due to the increased reliance on expensive Liquefied Natural Gas (LNG) rather than pipeline gas. Stern noted that storage levels are lower than previous years because LNG costs more to store and transport. He attributed slow progress in renewable energy adoption to disorganized systems and investor interests that do not align with state goals, such as insufficient investment in transmission infrastructure. Stern argued that Croatia should aim for energy neutrality by leveraging domestic green energy sources, LNG terminals, and strategic state intervention to ensure investors build necessary grid connections.

Bias read (Progressive): The expert explicitly advocates for strong state intervention and strategic control over energy markets, criticizing private investor motives and emphasizing public interest over market freedom.

HRT (Hrvatska radiotelevizija) logoHRT (Hrvatska radiotelevizija)State / PublicCenter
U.S. liquefied natural gas (LNG) exports to Europe have surged, with prices nearing their highest levels.

US exports of liquefied natural gas (LNG) to Europe surged by nearly 17 percent in October, reaching 6.89 million tons, driven by increased production and efforts to fill European storage facilities ahead of the heating season. This increase coincided with narrowing price differences between European and Asian markets, where reference prices hovered around $28 per million British thermal units, approaching levels last seen during the 2022 energy crisis. Shipping data indicated that exports from the Golden Pass facility in Texas doubled to four shipments during the month. In contrast, US LNG exports to Asia remained largely stable compared to September, totaling 2.73 million tons, while Egypt maintained its position as a significant buyer with 680,000 tons imported. Additionally, approximately 590,000 tons of LNG departed US terminals without designated destinations, currently awaiting potential buyers at sea.

Bias read (Center): The article relies exclusively on quantitative shipping data and market prices without employing loaded language or offering subjective commentary on geopolitical implications.

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