Europe may avoid gas disaster this winter; next could be worse -Trafigura exec
- United Kingdom
Europe may avoid a gas disaster this winter, thanks to signs of demand reduction and solid inventories, but next winter could be worse, a top executive at energy trader Trafigura said on Tuesday.
"Europe was heading towards an unavoidable situation this winter...(but) there is a lot of evidence that people are doing the right thing and reducing their energy consumption," said Ben Luckock, co-head of oil trading at Trafigura.
"We may well avoid a disaster this winter, we are more concerned about the following winter," Luckock told the Energy Intelligence Forum in London.
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