This image, from March 2022, shows wind turbines and gas storage facilities in Germany. Europe’s energy markets have experienced turbulence in recent months.
Jan Woitas | Picture Alliance | Getty Images
The CEO of Italian power firm Enel told CNBC Tuesday that turbulence in energy markets was likely to persist for some time.
“Things are extremely turbulent, as they have been the whole year, I would say,” Francesco Starace said.
“The turbulence we’re going to have will remain — it might change a little bit, the pattern, but we’re looking at one or two years of extreme volatility in the energy markets,” he added.
Starace’s comments, made on the sidelines of Goldman Sachs’ Carbonomics conference in London, come at a time of uncertainty for the energy sector following Russia’s invasion of Ukraine in Feb. 2022.
Russia was the biggest supplier of both natural gas and petroleum oils to the EU…
