Are we already engaged in a hybrid war?
From today’s Politico…
GAS CRISIS: There is a major non-COVID story going slightly under the radar so far this morning: U.K. wholesale gas prices hit a record of 450p per therm on Wednesday in part because gas flows from Russia have been cut off in recent days. The
Guardian’s Rob Davies said Russian gas in a pipeline to Germany has switched direction to flow east for the last two days.
The
FT’s Nathalie Thomas, Jim Pickard and Neil Hume splash the story, which a government adviser tells Playbook could even surpass Omicron as the main problem facing the country in the coming weeks.
Sounding the alarm: Nigel Pocklington, boss of green energy firm Good Energy, says: “This is a national crisis. Wholesale gas and power prices have increased to unprecedented levels over the last three weeks, creating an extremely difficult operating environment for every business in the industry.”
EDF Energy said the situation is “critical” and Energy U.K.’s Emma Pinchbeck told the FT Britain is facing “a marketwide crisis.”…
https://oilprice.com/Energy/Energy-G...l-Records.html
Europe Faces Full Blown Energy Crisis As Gas Prices Smash All Records