LONDON – Benchmark European gas prices jumped 15% this week after a major pipeline bringing gas from Russia began sending flows eastwards. But why do Russian exports have such an impact on Europe’s gas markets, even in countries that Russia doesn’t directly supply?
Reuters: Russian exports hold sway over European, British gas prices
Gazprom logo is seen during the International Gas Forum, at the Expoforum Convention and Exhibition Centre in Saint Petersburg on Oct. 7, 2021.
