With the huge increase in the amount of LNG worldwide being deployed and Germany in particular having the facilities now to get LNG via ships I wonder how the prices might be this time around. In 2022 they just didn't have the facilities and 2023 was a milder winter if I remember correctly so if the winder is worse Germany has had a ton of time to prepare.
Also, I was reading yesterday that Norway is looking into ramping up their oil and nat gas resource extractions again which would be super beneficial to the EU as well.
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I don't think they could provide gas with the same quantity and price level like russia did
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At the time they couldnt but now they have the facilities to be able to accept more gas than they could via pipelines and it was cheaper for a while since the Russians had comp. Currently, I am not sure but given how there is competition with the US, Russia, the UAE, and Qatar it should drive the price down.
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