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Natural gas prices in Europe jump after Ukraine blocks Russian flows

KYIV, UKRAINE: Director General of Gas Transmission System Operator of Ukraine LLC (GTSOU) Serhiy Makogon. GTSOU will block Russian gas flows via two key entry points in Russian-occupied territory from Wednesday, May 11, 2022.Yuliia Ovsiannikova/ Ukrinform/Future Publishing via Getty ImagesEuropean natural gas prices...

Natural gas surges 9% to highest level since 2008 as Russia’s war roils energy markets

A liquefied natural gas tanker berth in Japan, on Dec. 17, 2021. Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit...

Russia halt of European gas could see ‘catastrophic’ winter pricing: Trader

Veteran natural gas trader Bill Perkins warned Thursday of potentially "catastrophic pricing" this winter if Russia's move to cut gas supplies to Poland and Bulgaria ends in a full-blown energy blockade. "It's a dicey market right now," Perkins, CEO and head trader at Skylar...

Europe scrambles for gas solution as Putin squeezes supply

EU Commission President Ursula von der Leyen said this latest aggressive move by Russia is another reminder that we need to work with reliable partners, and build our energy independence.Thierry Monasse | Getty Images News | Getty ImagesThe European Union is racing to...

Europe faces recession if Putin fully shuts off the gas taps

Russian state-owned energy giant Gazprom announced that it would halt gas supplies to Poland and Bulgaria after they refused to pay for gas in Russian rubles following the Kremlin's demands.Andrey Rudakov | Bloomberg via Getty ImagesEurope could be pushed into recession if Russia's...

Russia halts gas supplies to Poland, Bulgaria

Gazprom workers on the Yamal Peninsula in Russia.Bloomberg | Bloomberg | Getty ImagesRussia's gas supplies to eastern Europe are looking highly uncertain after the country's state-run gas giant Gazprom told Poland and Bulgaria that it would halt supplies.The move comes after both countries...