Bloomberg: European Gas Extends Gains With Russia Keeping Supplies Limited
European natural gas rose for a second day as curbed exports from Russia and tensions over Ukraine create supply worries.
The relief for European consumers from an increase in Russian shipments earlier this week has been short-lived after supplies through Ukraine declined again. Additionally, gas deliveries to Germany via the key Yamal-Europe pipeline remain halted, with the link returning to pumping in the reverse direction instead.
Traders and policymakers also remain on edge on concerns that Russian flows may be disrupted if Moscow’s standoff with Ukraine erupts. The Kremlin’s spokesman on Thursday accused the U.S. of “fueling tensions” with its decision to deploy more troops to eastern Europe.
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Update #1: EXPLAINER: What happens to Europe’s energy if Russia acts? (AP)
Update #2: EXPLAINER-Why Europe faces climbing energy bills (Reuters)
WNU Editor: All that it would take is an attack on the transit gas pipeline through Ukraine to Europe to change the geopolitical situation in Europe completely.
Faced with shortages and sky-high prices, the pressure on European governments to open the Nord Stream 2 pipeline will be enormous. A fact that the CEO of Ukraine's energy giant and operator of this key transit pipeline is well aware of .... 'Disaster' if Russia cuts gas supply to Europe, Putin 'a bully': Ukrainian energy giant CEO (CTV News).
5 comments:
Biden should have thought about this a year ago.
It'll affect the US as well since Biden has tripled our energy imports from Russia by curtailing our own energy production.
^^^^
I can't wait to see this collapse on the Biden administration. What a bunch of incompetents. It is bad for the USA but before things get better they have to get much worse. It could lead to food and/or gas riots etc here but hey if it destroys the Democrat party it is worth the collapse of Dementia Joes government.
That will lead to a Dem wipeout in 2022 and Trump or basically any Republican replacing the the Biden Dunce administration in 2024, or EARLIER..
It's almost as if the people in control want us to splinter and fail. Hmmm...
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