NUNZIUM

EU has been struggling with a growing gas pricing since the beginning of the Ukraine crisis. With Gazprom - Russia’s state controlled energy giant - reducing the gas flux towards EU, and temporarily stopping them for alleged maintenances, prices at the Title Transfer Facility (TTF) - the continent's leading trading hub - reached €321 per megawatt-hour, a stratospheric figure compared to the €27 set a year ago. Some European countries, like Poland, Bulgaria and Finland, have already had their supplies cut off, while others (Germany, Austria, Denmark, Italy, the Netherlands, etc.) have seen their deliveries significantly reduced. Ministers and leaders in EU are now discussing measures: stocks are being cumulated and energy-saving measures are being implemented. Leaders will also meet to decide wether a gap to the energy price should be implemented. Despite such efforts, some are already announcing that companies may face energy ‘rationing’ this winter.