"Supply is hard to come by, and it becomes harder and harder to replace every bit of gas that doesn't come from Russia," Jacob Mandel, senior associate for commodities at Aurora Energy Research, told Reuters. The Nord Stream pipeline normally supplies more than a third of the gas exported to Europe from Russia, though it had already been running at a much lower capacity before the Friday announcement. Russia's state energy provider, Gazprom, claims it is shutting down the pipeline due to an oil leak that needs to be repaired, though European leaders have accused Moscow of squeezing gas supplies "in retaliation against sanctions imposed after its invasion of Ukraine," The Guardian explains, adding that "the threatened cuts to supplies of gas from Russia have prompted a scramble by European countries to store as much gas as possible before winter, as well as efforts to find alternative supplies." I reserve the right to change my opinions and entertainment content at any time.Gas heating in Germany INA FASSBENDER/AFP via Getty ImagesĮuropean gas prices jumped as much as 30 percent on Monday following Russia's Friday announcement that it is shutting off natural gas exports to the continent through its Nord Stream 1 pipeline indefinitely, Reuters and The Guardianreport. Do not invest more than you are willing to lose! My video content may change over time, or become outdated or invalid. Everything on this channel is for entertainment only. All financial decisions made by the viewer should be done after talking with a licensed professional. I am not a licensed broker/financial planner. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash More Topics Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics Programming. In no event will I be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of my content on YouTube, Reddit, Twitter, Tik Tok, and anywhere else.
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