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Gas Supply Crunch In Europe

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Hira Shahnawaz Akhtar
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The extended and intense winter that Europe experienced, lasting from October 2012 to March 2013, gave rise to gas shortages across the continent. The unexpected weather conditions spurred a spike in demand for natural gas for heating purposes and caused the regional gas inventories to fall to historic lows.

Europe faces the brunt of harsh weather conditions

The experience of the previous year left the lesson that the European gas prices are highly sensitive to the weather conditions in the region. As gas inventories were worn down during this time, the weekly prices of natural gas were driven up. This price spike was aggravated by the pipeline outages from Norway, and prices climbed to an all-time high...

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.