Natural Gas Prices in Europe Rise After Ukraine Cuts Russian Pipeline Supply

Natural Gas Prices in Europe Rise After Ukraine Cuts Russian Pipeline Supply
A worker walks among pipes at the Dashava natural gas facility in Dashava, Ukraine on Sept. 18, 2014. Sean Gallup/Getty Images
Bryan Jung
Updated:

Natural gas prices in Europe jumped after Ukraine’s state-owned pipelined operator cut the flow of Russian gas at the Sokhranivka entry point on the border between the Luhansk region of Donbas on May 11.

Ukraine’s Gas TSO announced the previous day, that due to the lack of physical control of its pipeline in Russian-controlled areas of Eastern Ukraine, it was unable to carry out the fulfillment of its contracts, and would terminate deliveries to its clients in the West.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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