Reported 2 months ago
European energy prices have surged as fears of disruptions to Russian gas supplies through Ukraine have heightened market volatility. Benchmark gas futures are near their highest this year due to concerns stemming from recent geopolitical tensions. Although Russian gas continues to flow through the Sudzha transit point, market anxiety remains elevated, particularly with upcoming maintenance in Norwegian facilities and fierce competition for liquefied natural gas (LNG) between Europe and Asia.
Source: YAHOO