Ⅰ . The World Energy Blue Book shows that several European energy companies have warned that Europe is facing an "energy disaster". Many chemical giants may be cut off due to "energy disaster"! According to British media, American energy enterprises made huge profits in the second and third quarters of this year. Can the global energy market turn the corner? The data of these world energy giants may give an answer. The three oil services continue to be optimistic about the prospects of the oil and gas industry; Bp's net profit surged 147% year on year; Chevron recorded the second highest quarterly profit; Shell turned loss into profit on a year-on-year basis; Total Energy's profit increased by 41.9%; ExxonMobil achieved record quarterly profits, etc. As the global economy is coping with strong inflationary pressures, the interest rate environment is rising and the global currency fluctuates significantly , the macro outlook is becoming increasingly uncertain.
Ⅱ . While many European companies have warned, Austria's power supply will also reach the limit! European energy giants have issued the ultimate warning: how to survive next winter is the real problem. After all, European energy enterprises are approaching the "Lehman moment" , and governments from many countries are helping. The European Union discussed the "unplugging" plan on Friday to help the market.
I II. As early as 2021, an energy disaster came, causing the United States to warn that the entire Europe will be unavoidable. At that time, the European Central Bank Lagarde said that the pressure on energy prices may be more lasting than the supply shock caused by the COVID-19 pandemic. After all, this pressure will inevitably continue to 2022. As winter approaches, will the shortage of coal and natural gas be as serious as in previous years, or will it become more severe? In June this year, it was reported that the EU energy crisis may cause the collapse of the entire European energy market , and it is likely that the last financial crisis in Europe and the United States will be as destructive. On October 19, Qatar warned that Europe would face a "worse" energy crisis next year. Because not long ago, the water level of some sections of the Rhine River has dropped to the lowest level in the same period for more than 20 years, or it may face the risk of being cut off. Once cut off, coal and oil will not be able to enter, and European energy will be completely exhausted. Europe's largest oil company also warned that Europe may be forced to implement energy rationing this winter. In mid October, Russian President Putin proposed to build the largest natural gas hub in Europe in Türkiye, and Russia could supply gas to Europe through Türkiye. It can be seen that Russia has begun to take countermeasures.
IV. On the other hand, the energy crisis has brought many new opportunities. In the short term, due to the large gap in chemical costs between Asia and Europe, it has brought opportunities for Asian related enterprises to export energy substitutes. In the long term, this energy shortage in Europe may evolve into a major industrial transfer, thus increasing the overall market share of the Asian market.
