Bloomberg: European Gas Extends Gains With Russia Keeping Supplies Limited
European natural gas rose for a second day as curbed exports from Russia and tensions over Ukraine create supply worries.
The relief for European consumers from an increase in Russian shipments earlier this week has been short-lived after supplies through Ukraine declined again. Additionally, gas deliveries to Germany via the key Yamal-Europe pipeline remain halted, with the link returning to pumping in the reverse direction instead.
Traders and policymakers also remain on edge on concerns that Russian flows may be disrupted if Moscow’s standoff with Ukraine erupts. The Kremlin’s spokesman on Thursday accused the U.S. of “fueling tensions” with its decision to deploy more troops to eastern Europe.
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Update #1: EXPLAINER: What happens to Europe’s energy if Russia acts? (AP)
Update #2: EXPLAINER-Why Europe faces climbing energy bills (Reuters)
WNU Editor: All that it would take is an attack on the transit gas pipeline through Ukraine to Europe to change the geopolitical situation in Europe completely.
Faced with shortages and sky-high prices, the pressure on European governments to open the Nord Stream 2 pipeline will be enormous. A fact that the CEO of Ukraine's energy giant and operator of this key transit pipeline is well aware of .... 'Disaster' if Russia cuts gas supply to Europe, Putin 'a bully': Ukrainian energy giant CEO (CTV News).