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European energy price worse from Russia-Ukraine conflict

European energy price worse from Russia-Ukraine conflict: Russia`s invasion of Ukraine will aggravate Europe`s energy price crunch and put further strain on European gas storage, which is already at a multi-year low. The effect on gas and electricity prices will be amplified by Russia`s reaction to sanctions. Figure 1: European benchmark gas prices Source: Bloomberg,…
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Cornwall Insight: Impact of sanctions on Russia to energy

Cornwall Insight: Impact of sanctions on Russia to energy – Dr Craig Lowrey, Senior Consultant at Cornwall Insight said: “The reliance of Europe on Russian gas will mean any economic sanctions which affect supply levels are likely to have an immediate and potentially longer-term impact on gas prices. “While the UK is not dependent on…
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Could the Nord Stream 2 freeze cause further increases in UK energy bills?

Could the Nord Stream 2 freeze cause further increases in UK energy bills?: Analysts believe that Russia-Ukraine tensions, as well as Germany’s decision to suspend the Nord Stream 2 pipeline, will exacerbate the misery of soaring energy expenses. According to Jess Ralston of the Energy and Climate Intelligence Unit, with gas prices already rising and…
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