Only 1/3 of European gas demand is from power generation. 2/3 is for industrial and residential use. The conflict now has nothing to do with the failure of other technologies. It is unclear what you are talking about in this regard. The German shutdown of nuclear does contribute though. AGL is shutting their coal plants because their coal purchase agreements are ending. Coal purchase prices will rise 5X or more. Complete agreement that there are so many holes in their future - funding, source of MW, the business plan they intend on pursuing.
AGL Price at posting:
$7.27 Sentiment: None Disclosure: Not Held
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