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2014-08-28 18:30:00

EUROPEAN GAS WINTER

EUROPEAN GAS WINTER

 

The ongoing crisis in Ukraine and the rift between the EU and Moscow has resulted in increased anxiety amongst policy makers in the Southeastern European countries that are going to be severely affected in the event of a gas shortage this coming winter. Energy analysts and experts across Europe warn that a halt in the flow of natural gas towards the EU will be associated with a steep increase in spot prices in all major hubs of the continent, whilst LNG prices will also climb to levels of around 50% or even more than what countries such as Greece or Bulgaria currently pay.

Already the Greek energy minister has publicly claimed that the chances for an eventual stoppage…

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Tags: GAS, EU, RUSSIA, LNG, UKRAINE

Chronicle:

EUROPEAN GAS WINTER
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