[Financial News Translation] Europe Energy Crisis 歐洲能源危機

Source language: Europe’s largest energy traders have called on governments and central banks to provide “emergency” assistance to avert a cash crunch as // sharp price moves triggered by the Ukraine crisis strain commodity markets.

In a letter seen by the Financial Times, the European Federation of Energy Traders — a trade body that counts BP, Shell and commodity traders Vitol and Trafigura as members — said the industry needed “time-limited emergency liquidity support to ensure that wholesale gas and power markets continued to function”.

The plea follows severe disruptions in commodity markets initially sparked by the pandemic but significantly worsened in recent weeks by Russia’s invasion of Ukraine.

“Since the end of February 2022, an already challenging situation has worsened and more [European] energy participants are in [a] position where their ability to source additional liquidity is severely reduced or, in some cases, exhausted,” EFET said in its letter, dated March 8 and sent to market participants and regulators.

目前，烏克蘭危機引發的劇烈價格浮動損害大宗商品市場穩定，歐洲最大型能源交易商呼籲政府和中央銀行提供緊急援助，避免出現資金緊縮危機。

歐洲聯邦能源貿易商（EFET）成員包括BP、Shell和大宗商品貿易商Vitol及Trafigura。EFET在一封信中表示，能源行業急需有時間限制的緊急流動資金支援，確保天然氣和能源批發市場能繼續運作。

EFET在提出是項請求前，大宗商品市場起初因新冠肺炎疫情引起連串混亂，而俄羅斯入侵烏克蘭更讓市場景況在最近幾週顯著惡化。

EFET在3月8日向市場參與者和監管者撰寫這封信，信中寫到自2022年2月末起，早已困難重重的局面進一步惡化，讓更多歐洲能源市場參與者更難取得額外流動資金，甚至已經沒有相關能力解決現狀。