Free Trial

Single Currency Fades as Gas Prices Spike on Gazprom Headline

EUR
  • Bloomberg report that Gazprom have warned of a risk that Russia could sanction Ukraine's national oil & gas co Naftogaz. Gazprom warn of the risk that they are unable to pay Ukraine's transit fees, helping prompt a 19% rise in European gas prices Tuesday.
  • EUR fades on the Naftogaz headlines - Naftogaz is the Ukrainian national oil & gas co.
  • Gazprom warnings of a sanction would cut off one of the last few gas supply lines into the continent (the pipeline carries around 42.4 million cubic metres per day) and provides energy for Slovakia, Hungary, Romania and others via the Soyuz pipeline
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.