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EU to Look at “Emergency Liquidity Instruments” at Sep 9 Meeting

ENERGY

EU will be looking at “emergency liquidity instruments” as part of the agenda for the EU energy ministers meeting on Friday.

  • Aggregate open interest continues to fall with many companies finding it increasingly difficult to manage margin calls. Equinor has estimated European energy market margin calls of at least $1.5 trillion.
  • “Liquidity support is going to be needed,” according to Helge Haugane, Equinor’s senior vice president for gas and power.
  • “If the companies need to put up that much money, that means liquidity in the market dries up and this is not good for this part of the gas markets,” according to Haugane.
  • The EU ministers will meet on Sep 9 to discuss the European energy crisis and possible price caps in power and gas markets.
Energy BulletsCommodities
Energy BulletsCommodities

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