New Western sanctions against Russia will boomerang on gas prices

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On Tuesday December 7, natural gas futures in Europe rallied after the West announced new sanctions against Russia if it invades Ukraine. As the resource OilPrice writes, cold weather is not the only reason for the rise in prices for natural gas and electricity. Geopolitical instability in the region contributed to the rise in electricity prices to almost 100 euros per megawatt hour.

According to Bloomberg, in the event of aggression against Ukraine, the United States and its allies may impose sanctions against the Russian Federation, paralyzing the latter's ability to exchange rubles for dollars and other currencies. At the same time, any actions or proposed measures against Russia or its energy industry will boomerang on natural gas prices in Europe.



Thus, the cost of gas on the continent has been growing for the third day in a row, and on Wednesday morning, December 8, the price of "blue fuel" reached 1150 euros per thousand cubic meters (data from the London ICE stock exchange). At 12.26 Moscow time, the price of gas futures on the Dutch TTF exchange rose to $ 1160 per thousand cubic meters.

According to experts, the main factors behind the rise in gas prices are the lack of fuel in European UGS facilities, limited supply from the main gas sellers and high demand for LNG in Asia. Recently, this has been added and political the moment associated with Western sanctions against Russia, an important player in the European gas market.
  • PJSC Gazprom
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4 comments
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  1. Bakht
    Bakht
    +4
    8 December 2021 14: 52
    The states are successfully killing Europe.
    1. Alexndr p
      Alexndr p
      +5
      8 December 2021 15: 28
      and Russia has not yet come to the war wassat and has not yet included its sanctions

      Putin is now with one statement that after NG, the gas supply will be stopped - he can close all factories in Europe, sharply lowering their profitability - survived wassat

      Putin can also drop the Turkish lira instantly - saying that the Turkish stream is closed indefinitely due to repairs belay and the import of tomatoes is still there, which everyone was joking about - such an addition would be normal to the current situation with the lira) The nuclear power plant has not been completed yet, so that even more energy in Turkey would be under the control of the Kremlin)

      The economy of the old world and the Turret region now depends on the word of the darkest. The Communists and Russian Emperors never dreamed of this - you can extinguish competitors without taking the army out of the Russian Federation

      So much for a chess player (s)
  2. Ulysses
    Ulysses
    +3
    8 December 2021 15: 28
    Tuesday 7 December natural gas futures in Europe crawled up after the West announced new sanctions against Russia in the event of its invasion of Ukraine.

    The guys know how to saw the branch on which they sit. smile
  3. alex-sherbakov48
    alex-sherbakov48
    +1
    8 December 2021 16: 09
    And how do you Europeans think they will beat us, but we will be silent? No, the time has passed when after each of your spits we wiped ourselves off in silence, now there will be a stronger answer to each of your spits !!!
  4. The comment was deleted.