Summary by Ground NewsGas prices have soared on concerns over energy supplies after Russia announced it would not reopen its main gas pipeline to Europe. The Dutch month ahead wholesale gas price, a benchmark for Europe, was up as much as 26% on Monday, before falling back slightly. Gazprom scrapped plans to restart pumping limited volumes on Saturday after a maintenance shutdown, blaming a turbine leak. The decision - which European governments say is retaliation for Western sanctions over Russia's war in Ukraine - was inevitably reflected when markets opened for business on Monday morning.
3 months ago·London, United Kingdom
Russia blames Europe for gas crisis, warns West of oil retaliation
The Kremlin on Monday blamed the West for triggering the worst European gas supply crisis ever and warned the Group of Seven advanced economies that Moscow would retaliate over its plan to impose a price cap on Russian oil.
3 months ago·United KingdomRead Full Article
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