Ukraine crisis: Gas prices across Europe could rocket if Russia threatens to turn off supplies

摘要

The cost of gas could sky rocket in the UK as a result of the increasing tensions in Ukraine that may see Russia turn off the taps of a pipeline that suppLies Europe. One quarter of the continent's gas comes through Ukraine, which has been stockpiling natural gas as Russian state-owned company Gazprom gets ready to end a discount for the country. In the UK, last year was the first time more gas was imported than the North Sea gas fields produced, meaning the country is even more susceptible to rising energy prices.