The recent news regarding explosions damaging the Nord Stream 1 and 2 pipelines is a concerning escalation of the weaponization of energy in Europe. While speculation is rampant as to who could have been behind this event, the implications for the European energy markets are equally important.
Europe
This past Friday was a very busy day for the European energy markets. After the European markets had closed, Gazprom issued a press release stating that oil had been detected in the Portovaya station's only operating compressor.
Europe
The next step in the EU's response to Russia's use of natural gas as a political weapon - the Regulations represent the "best" compromise the EU could construct to prepare for the looming threat of natural gas supply disruptions.
Europe
This week is shaping up to be one of the most consequential in the global energy markets for a long time. Energy prices in Europe (and around the globe) have increased sharply over the past several weeks on the fear that the Nord Stream 1 pipeline will not reopen and Europe would be compelled to implement emergency plans.
Global
Will Putin restart the Nord Stream 1 (NS1) pipeline after its scheduled maintenance is supposed to conclude? There is a multitude of variables to consider in assessing this question.
Global