Snam CEO Claims Europe Is Vulnerable to Natural Gas Supply Shocks

Europe remains vulnerable to possible shocks in natural gas supply as its exposure to LNG trading and supply has grown, Stefano Venier, CEO of one of Europe’s biggest gas grid operators, Snam, told Bloomberg. “We are in a fragile situation given geopolitics and now — in Italy and Europe — we have exposure to LNG trading,” Venier told Bloomberg TV in an interview on Thursday. The latest flare-up of tensions in the Middle East is keeping the gas market “nervous”, Venier said, as 20% of global gas is transiting...