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20 Jun 2022 | 16:50 UTC
Gas and power prices jumped after news that Gazprom was cutting gas flows via the Nord Stream pipeline to 40% of capacity(opens in a new tab). 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(opens in a new tab) 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(opens in a new tab) is also responsible for the tightening of the European gas market. How will it affect US LNG supplies to Europe?
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