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Malta is set lose hundreds of millions of Euros on its gas purchases

This screenshot was doing the rounds on Twitter in the morning but I could not confirm it until I had access to the terminal thanks to a friend of mine.

The European gas price has gone negative today as gas-laden ships are anchored outside Spain with no one wanting to buy their supply.

The chart is legitimate and Malta is set to lose hundreds of millions of Euros on its gas trade.

 


Comments

  1. […] has lost millions of Euros buying gas on a long-term and unhedged contract instead of taking the opportunity to buy gas in lots for shorter time-frames so as to avail from […]

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