Russian state gas company Gazprom said today that European gas prices could spike by 60% to more than US$4,000 per 1,000 cubic metres this winter, as the company’s own export and production continue to fall amid western sanctions.
Gas flows from Russia, Europe’s top supplier, are running at reduced levels this year, after one route was shut when Moscow sent troops into Ukraine in February and after sanctions triggered a dispute about the Nord Stream 1 pipeline’s equipment.
JUST IN – Natural gas prices in Europe rise to a new record high. pic.twitter.com/DROUHrkuL4
— Disclose.tv (@disclosetv) August 16, 2022
h/t Jwnlwplus4
Views: