20 Jun 2022 | 16:50 UTC

Infographic: Europe on brink of gas crisis as Russia squeezes market

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Gas and power prices jumped after news that Gazprom was cutting gas flows via the Nord Stream pipeline to 40% of capacity. How will prices respond if Russian gas supply to Europe remains constrained and what does this mean for the EU's gas storage capacity goals?

Gazprom has so far cut off six buyers of Russian gas that did not comply with the ruble payment requirement. What can these countries do to replace the lost Russian volumes and how will it affect supply security?

The extended outage of Freeport LNG in Texas is also responsible for the tightening of the European gas market. How will it affect US LNG supplies to Europe?

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Infographic: Europe on brink of gas crisis as Russia squeezes market