Russia Steps Up Energy Wars With Gas Cuts to Europe’s Top Buyers

July 14, 2022/in /by Rudolf Huber

Before that entire Ukraine mess, there were few certainties in energy companies and policymakers’ boardrooms. No matter what happens, Russia has always been a risk-free option for energy resources. If you wanted to play it safe you went to Russia and just dealt with the fallout. Thats over and I would wager it’s over for good. Now. Russian energy might still find its way into markets but carries a massive risk premium. This changes the deal significantly as Russia still has to invest a lot to replace volumes that will go down over the following years as their legacy fields are close to exhaustion. Bad timing.

(Bloomberg) -- Russia stepped up the use of energy as a weapon by further cutting natural gas shipments via its biggest pipeline to Europe, prompting Germany to accuse the Kremlin of trying to drive up…

finance.yahoo.com

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