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‘Global pressures’ from the invasion of Ukraine lead to gas price increases #Global #pressures #invasion #Ukraine #lead #gas #price #increases #englishheadline


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“Global pressures” from the invasion of Ukraine has resulted in “a vast amount of gas” no longer going to Europe from Russia according to AI Group Climate & Energy Policy Director Advisor Tennant Reed.

“Europe is scouring the world for every bit of gas they can get that’s not from Russia and prices have risen everywhere,” he told Englishheadline commentator Steve Price.

“That really started happening back in late February last year, and an enormous amount of contracting ahead has taken place in that time.”

“So by the time that mid-December came around most of our members had already signed contracts for next year, pretty awful contracts I’ve got to say, they are multiples of the previous prices they were paying.”

English Headline

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