CASE STUDY · 2022

European Natural Gas Crisis

European Natural Gas Crisis

European Natural Gas Crisis

Decision under uncertainty: how a portfolio risk team could have translated fragmentation across energy markets into earlier, more confident action.

Decision under uncertainty: how a portfolio risk team could have translated fragmentation across energy markets into earlier, more confident action.

TIMELINE

Russia invades Ukraine ↓ Nord Stream disruptions ↓ Gas futures spike ↓ Power markets react ↓ Industrial demand falls

AVAILABLE ACTIONS

○ Hedge gas ○ Delay procurement ○ Secure LNG ○ Reduce production ○ Increase inventories

DATA SOURCES

ENTSO-E · ACER Market Monitoring Report · IEA · Eurostat · IMF · ECB · European Commission · Reuters coverage · Academic papers