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- European gas prices rocketed as much as 30% higher on Monday after Russia said one of its main gas supply pipelines to Europe would stay shut indefinitely, stoking renewed fears about shortages and gas rationing in the European Union this winter.
www.reuters.com/business/energy/no-stream-eu-gas-markets-brace-price-surge-after-latest-russia-gas-cut-2022-09-04/EU gas price rockets higher after Russia halts Nord Stream flows
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Jan 21, 2022 · LONDON, June 17 (Reuters) - Benchmark European and British gas prices are on course for gains of more than 50% this week after Russia said capacity of its Nord Stream 1 pipeline, which take...
Jul 27, 2022 · Gas prices rose as much as 13 per cent on Wednesday as flows on the Nord Stream 1 pipeline were cut to just a fifth of normal capacity. European politicians have accused Russia of...
Jul 26, 2022 · Futures contracts for delivery next month tied to TTF, the European benchmark wholesale gas price, jumped 20 per cent on Tuesday to breach €210 per megawatt hour, the highest level since early...
- What Are The Main Routes For Russian Gas to Europe?
- What Is Happening Now?
- Where Else Can Europe Get Gas?
Russia supplies about 40 per cent of Europe's natural gas, mostly by pipeline. Deliveries last year were about 155 billion cubic metres (bcm). The Ukraine transit corridor mostly sends gas to Austria, Italy, Slovakia and other east European states. Ukraine has closed the Sokhranovka transit pipeline that runs through Russian-occupied territory in t...
Russian gas flows to Europe have already fallen in the first half of 2022, with flows through the three main pipeline routes down about 50 per cent compared to the first half of 2021. Flows through Nord Stream and via Ukraine, which were already down on last year, began falling in March after Russia's invasion of Ukraine. This year, Moscow has cut ...
Some countries have alternative supply options and Europe's gas network is linked up so supplies can be shared, although the global gas market was tight even before the Ukraine crisis. Germany, Europe's biggest consumer of Russian gas that has halted certification of the new Nord Stream 2 gas pipeline because of the Ukraine war, could import gas fr...
Feb 24, 2022 · European natural gas prices soared by almost 70 per cent and crude oil exceeded $105 a barrel for the first time since 2014 after Russia’s invasion of Ukraine triggered fresh worries...
- Neil Hume
Sep 2, 2022 · The cuts in gas flows through Nord Stream have driven up European and British gas prices, with prices rising to record highs last week ahead of the Aug 31- Sept. 2 maintenance.
Jul 11, 2022 · Europe has historically relied on Russia for around 40% of its natural gas, most delivered through pipelines including Yamal, which crosses Belarus and Poland to Germany, Nord Stream 1, which...
