Reported 3 days ago
European natural gas prices have surged to €50, as the expiration of a transit agreement between Russia and Ukraine signals a halt in gas flows to Europe starting January 1, 2024. This cessation could have significant economic repercussions for Europe, despite the EU claiming that energy security won't be jeopardized. Some countries like Slovakia seek alternatives but may face increased costs without Russian gas, while ongoing conflict hampers resolution efforts.
Source: YAHOO