European gas prices surge on potential disruption from Russia

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.

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Article Details

Author / Journalist: Shotaro Tani

Category: MarketsFinanceInvesting

Markets: United StatesAustriaAzerbaijanGermanySlovakiaUkraine

Topics: Russia Supplies Russian Financial Contract Supply Europe Warned Gazprom Energy Ukraine

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 13:01:00 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 589 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23585787

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Official Website: ft.com

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