‼️🇬🇧🇪🇺Moscow’s Strike Back: Natural gas prices in Europe jump as Russia imposes counter-sanctions on a number of energy companies, The Wall Street Journal.
Exchange prices for gas in Europe are growing by almost 20% and already exceed $1,200 per thousand cubic meters, according to ICE data.
Gas futures in the Netherlands rose 11% on Thursday, while UK gas prices rose 15% and German electricity prices rose 11%. Although the cost of “blue fuel” is below its March highs, it is still 4 times higher than a year ago.
WtR