The Impact of the Ukraine War on Global Energy Markets

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Publication Date July 2022
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Summary:

The war in Ukraine is not about oil and gas, but the conflict has further disrupted an already volatile situation, in which energy prices were rising due to post-lockdown energy demand exceeding supply. The consequences of Russia’s attack on Ukraine will take years to play out, whatever happens next: the only credible forecast is of uncertainty and further price volatility. To give some idea of the range of that uncertainty, the following analysis considers what is happening now, what might happen in a year’s time, and what could things look like two to three years from now.

Source Link https://www.cer.eu/insights/impact-ukraine-war-global-energy-markets
Related Links
ESO Records
European Commission: COM (2022) 360: Safe Gas for a Safe Winter https://www.europeansources.info/record/safe-gas-for-a-safe-winter/
European Commission: COM (2022) 361: Proposal for a Council Regulation on coordinated demand reduction measures for gas https://www.europeansources.info/record/proposal-for-a-council-regulation-on-coordinated-demand-reduction-measures-for-gas/
EPRS: At a Glance: March 2022: Russia’s war on Ukraine: Implications for EU energy supply https://www.europeansources.info/record/russias-war-on-ukraine-implications-for-eu-energy-supply/

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