Gas on European exchanges has risen in price after Russian attacks on underground gas storage facilities in the Lviv region

After today's attack by the Russian Armed Forces on underground gas storage facilities in Ukraine, prices for blue fuel in Europe increased by 5%. Analysts attribute this fact to concerns about the upcoming heating season.

Let us remind you that this morning the Russian military attacked underground gas storage facilities in the Lviv city of Stryi. Ukrainian sources claim that the targets were struck by eight Kinzhal missiles. Experts suggest that the infrastructure has suffered serious damage, which will not allow fuel to be pumped into or removed from these underground gas storage facilities in the near future.



Despite the fact that the Ukrainian Naftogaz reported no casualties or serious damage, European traders fear that the gas supply of the entire continent may be at risk.

Against this background, gas quotations on the main TTF exchange in the Netherlands for the month ahead increased by more than 5% compared to the previous day - to $321 per thousand cubic meters. This is the highest level since March 19, according to ICE.

Let us note that this is not the first attack by Russian missiles on underground gas storage facilities in the Lviv region. Experts suggest that in this way the Russian Federation is warning both Kyiv and its Western curators about the inadmissibility of attacks on civilian targets on Russian territory.

We would like to add that the Pentagon previously expressed dissatisfaction with Kyiv’s attacks on Russian refineries.