Irrespective of any troubles, one has to pay the bills. Amid escalating global tensions, the prices for natural gas are going up. One of the major energy sources used in most of European countries remains vulnerable to Ukraine’s crisis. The less stable situation in Ukraine is, the more expensive gas becomes. The experts explain that the uptrend was possible due to mounting worries over blue fuel supply. Political unrest in Ukraine jeopardizes planned gas delivery to the European countries. Estimating the risks, vendors tend to adjust the prices. From now on, the European consumers of electricity have a golden opportunity to learn the hard way of the coup d’état. It is hard to imagine now that political conflicts have no influence on the global economy. To provide proofs, the UK has already logged an unprecedented increase in gas prices – the indicator hit its 2.5-year high, according to the market data.
The ICE Futures Europe shows that on the UK’s exchanges, the actual prices for gas futures for April delivery notched the strongest rise since September 2011. They lifted 11 percent to 0.6195 pounds a therm (100 thousand Btu). Similar dynamic is observed in England. However, the Celestial is not the only one to experience the price boom. Some other economics also report about prices increases. For instance, in the Netherlands and Germany, gas futures for April delivery jumped 10 percent and 8.1 percent respectively. Considering political uncertainty in Ukraine, it is more difficult to predict the gas price movements. Everything will depend on the solution of the Ukrainian conflict.
