Russia Could Cut Off Gas Supply to Europe, IEA Warns
International Energy Agency warns Europe to take action now as Russia could halt supplies to gain 'political leverage'
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International Energy Agency warns Europe to take action now as Russia could halt supplies to gain 'political leverage'
London - The International Energy Agency (IEA) has warned that Russia could cut gas supplies to Europe entirely in order to boost its leverage against t
Qatar’s decision to invite European oil majors is no surprise as the small state is looking to become Europe’s go-to emergency gas supplier
News that the outage at Freeport LNG in the US will last longer than initially expected drove up the ICIS European TTF gas benchmark due to lower expected US exports. The ICIS East Asia Index (EAX) also climbed, underscoring its close ties to Europe’s prices.
The spread between the European TTF and the East Asia Index (EAX) further narrowed in the past two weeks, as Asian demand rose, especially in south Asia and Japan. The market saw a flurry of Asian tenders for summer deliveries, narrowing the price spread.