Ukraine disrupts gas deliveries to Europe for the first time
Gas flows into Europe from Russia were put under further pressure yesterday after a key pipeline in Ukraine was closed.
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Gas flows into Europe from Russia were put under further pressure yesterday after a key pipeline in Ukraine was closed.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
A LNG crisis is brewing for European countries dealing with energy insecurity in the wake of Russia’s invasion of Ukraine, as demand will outstrip supply by the end of this year.
Wholesale prices have led Antargaz to break fixed gas delivery contracts to some of its customers.
A European pivot away from Russian gas would create a huge demand-side boost to the global LNG market, but can supply respond? The EU has the regasification capacity to increase LNG imports by 60bn m3 a year, says the IEA, but its analysis suggests only 20bn m3 is practically possible. [Gas in Transition, Volume 2, Issue 3]