Home / Fallout – How Russia’s War In Ukraine Set A Match To Global Gas Markets

Fallout – How Russia’s War In Ukraine Set A Match To Global Gas Markets

Russia’s invasion of Ukraine in February has upended global energy markets in a matter of weeks. The severe volatility of oil and natural gas prices since then, along with the reactions of policymakers across the world, have few parallels. Not since the Arab oil embargo of 1973, the Iranian revolution of 1979, or more recently, the Gulf War in 1990, have energy markets been jolted so severely.

The stage is set for natural gas trade flows to shift, the energy transition to accelerate and a new phase of volatility to emerge in commodity markets. This report provides an early glimpse of what may be next. NGI’s LNG Insight takes a look back at some of the big moves that have occurred in the global gas market since Russia’s incursion and analyzes themes that may dominate in the weeks and years ahead

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