RUSSIAN Revenues COLLAPSE as Natural Gas Prices & Demand FALLS & WARM WINTER Predicted for Europe
00:00 Introduction
01:14 NATURAL GAS
03:20 NATURAL GAS DEPENCY
04:04 LIQUIFIED NATURAL GAS
07:54 RUSSIAN LNG
11:48 NATURAL GAS PRICES
13:56 FALL IN DEMAND
15:17 CONSUMER PRICE
19:55 SUMMARY & CONCLUSION
Natural gas has been one of the biggest issues since Russia's invasion, because Europe has been dependent on gas, that's been supplied directly by pipelines for the last 15 or 20 years.
And as the war started to progress and we saw a reduction in the flows of gas coming directly from Russia, it started to cause a massive increase in prices.
High prices mean high energy costs, mean high electricity costs. And that's been feeding into all of the inflation that we've seen in Europe and the rest of the world.
But today I actually want to talk to you about the recent falls that we've seen in gas prices over the last couple of months. Prices have actually been coming down. So we'll have a look at why that's been happening. We'll look at what's going on with regards to the storage levels in Europe.
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