What Happens if Russia Cuts Off Europe’s Natural Gas Supplies?

 

New York Times/New York Ledger: What Happens if Russia Cuts Off Europe’s Natural Gas? 

While Russia masses troops and military equipment near its border with Ukraine, parallel tensions have been building in world energy markets. 

It is not hard to see why. Natural gas flowing through a web of pipelines from Russia heats homes and power factories across much of Europe. 

Russia is also one of the continent’s key sources of oil. Now Western officials are considering what happens if Moscow issues a doomsday response to the tensions — a cutoff of those gas and oil supplies, in the depths of Europe’s winter. 

The standoff over Ukraine comes at an inopportune time. 

World energy prices are already elevated as supplies of oil and natural gas have lagged the recovery of demand from the pandemic. 

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WNU Editor: A Russian cut-off in natural gas exports to Europe will result in an explosion in natural gas prices. This will impact everything. From heating to food production. 

But while prices will explode, the bigger problem will be having access to supplies. Do not be surprised that if a cut-off does occur, rationing will be immediately implemented in Europe. 

What Happens If Russia Cuts Off Europe’s Natural Gas Supplies?

Goldman: Ukraine Conflict Could Double EU Natural Gas Prices -- OilPrice.com 

Europe Gas Surges as Goldman Warns of Conflict’s Risk to Supply -- Bloomberg  

What Would War in Ukraine Mean for Europe’s Energy Crisis? -- Bloomberg  

Natural Gas Prices Rise by 8% in Europe over Fears of Impending Ukraine-Russia Armed Conflict -- Novinite  

Russian invasion of Ukraine 'could spark record-breaking gas and petrol prices in UK' -- Yahoo News 

The Russia-Ukraine crisis is creating an energy predicament -- Simon Henderson, The Hill