Home » European gas price soars + 27% after Ukraine invasion

European gas price soars + 27% after Ukraine invasion

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European gas price soars + 27% after Ukraine invasion
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Hike in the price of European gas in the wake of the start of the Russian military operation in Ukraine. The escalation of tensions feeds concerns about gas supplies to Europe. The TTF futures in Amsterdam, reference for the European gas market, jumped to the 120 euro / MWh area and now travels to the 133 area (+ 27%). The peaks reached in December (180 euro / MWh last December 21st) are still far away.

Putin announced the start of a military operation in Ukraine, motivating it with the need to protect the Donbass. The Russian president has ordered the forces of Kiev to hand over their weapons and “go home”, stating that he does not want to invade the whole country but demilitarize the country. The United States and its allies will impose “severe sanctions” on Russia after the attacks, US President Joe Biden said.

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