Reported 2 months ago
European gas prices have reached their highest point of 2024 amidst concerns that Ukrainian forces captured the key gas-transit point at Sudzha. This situation has led to a 5.8% rise in benchmark futures, as the ongoing fighting on the Ukraine-Russia border raises fears of disruptions to gas supplies. The Sudzha point is critical for the flow of Russian gas to Europe, and any potential halt in transit could significantly impact energy prices and consumers, particularly as the continent continues to recover from a past energy crisis.
Source: YAHOO