About this reports Bloomberg.
It said that news that supplies on Europe’s main gas pipeline will not resume on schedule could affect the energy market and cause uncertainty, thereby leading to “a significant price rally from Monday, potentially mimicking the August highs.”
Gas prices eased recently and posted their biggest weekly drop on record after data showed Europe met its goal of filling storage two months ahead of schedule.
Currently, EU countries have gas reserves for at least part of the winter. The situation can get worse when supplies begin to run out, especially near the end of the heating season and when temperatures are low.
- It will be recalled that the Russian Federation uses energy as a tool of pressure on Europe, the White House said, commenting on the shutdown of the Nord Stream gas pipeline.
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