European gas prices surge on potential disruption from Russia

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Financial Times 12h ago

European gas prices surge on potential disruption from Russia - Financial Times

Quick Summary:

Austria’s energy minister Leonore Gewessler also wrote on social media site X that OMV’s actions “do not pose an immediate threat to our security of supply”.

The route is one of only two Russian routes that supply Europe with gas and accounts for about 5 per cent of the EU’s annual gas imports.

In recent years, events that disrupt, or threaten to disrupt, global supplies of gas have led to sharp price moves in Europe.