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Gas Prices in Europe Fall below 70 Euros/MWh for the First time since the Beginning of Russia’s Invasion of Ukraine

Natural gas in Europe continues to fall in price at the start of the new year, falling below €70 per megawatt-hour (MWh) for the first time since the beginning of the military invasion of Ukraine, which Russia launched on February 24, 2022.

Bulgaria’s Defense Minister: Putin is an Aggressor, I hope Ukraine will Turn the Tide of the War

Acting Minister of Defense Dimitar Stoyanov confirmed the information that Ukraine is making a counteroffensive in the military clash with Russia. According to him, it is still too early to say whether the tide of the war has been turned.

Ukrainian general reported that his troops were advancing north towards the Russian border. Read more here.

Russia: There will be No Gas Supplies via Nord Stream 1 until the West Lifts Sanctions

Gas supplies from Russia to Europe via the Nord Stream 1 gas pipeline will not be fully resumed until the "collective West" lifts the sanctions imposed on Moscow after the start of the invasion of Ukraine. This was announced by Kremlin spokesman Dmitry Peskov, quoted by the "Financial Times".

Euro Plunges to 20-year Low after Nord Stream 1 Shutdown

Financial markets have been rattled by the shutdown of Russia's Nord Stream 1 gas pipeline, as energy pressure on European economies intensifies as winter approaches. The euro fell to a two-year low this morning in early trading on Monday after Russian energy company Gazprom extended the shutdown of its gas pipeline to Germany on Friday night.

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