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The final investment decision on the Cyprus gas field by Eni and TotalEnergies could ease European energy supply constraints, potentially lowering natural gas prices over the long term. For the textile industry, which is energy-intensive in processes like dyeing and finishing, reduced gas costs may help stabilize or lower production expenses, improving margins for European manufacturers. However, short-term price volatility remains due to geopolitical factors and infrastructure timelines.
※ Opinion by KEFINE Insight