Russia’s decision to severely reduce natural gas supplies to Europe before the winter has sent prices skyrocketing, causing the most serious energy crisis in decades. In fact, Europe has never seen such high gas prices. Benchmark wholesale European gas prices have rocketed upward by more than 542 percent this year, reaching $2,000 per thousand cubic meters in October.
Nord Stream 2
Ukraine's Energy Challenge
OP-ED
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A picture taken on Feb. 3, 2020 shows the flame of a gas stove in Dortmund, Germany.
