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This map shows where Europe gets its natural gas - and why economic disaster is looming if Russia cuts off its fuel supply

Added 08-07-22 12:14:02pm EST - “Russia has stoked up an energy crisis in Europe by cutting the capacity of the Nord Stream 1 pipeline. Here's where the continent gets its natural gas.” - Markets.businessinsider.com

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Posted By TheNewsCommenter: From Markets.businessinsider.com: “This map shows where Europe gets its natural gas - and why economic disaster is looming if Russia cuts off its fuel supply”. Below is an excerpt from the article.

It cut the capacity of the Nord Stream 1 pipeline to Germany to just 20% last month, contributing to the continent's energy crisis.

Key gas benchmarks have soared since the start of June, with TTF Dutch natural gas futures surging 129% to 194 euros ($198) per-megawatt-hour.

"European gas prices are soaring again, approaching record highs, as a result of Nord Stream 1 flows falling to just 20% of capacity due to ongoing maintenance," Rystad energy analyst Karolina Siemieniuk said in a recent research note. "If Russian flows halt entirely, which is not out of the question, prices will skyrocket further."

Gas fields in Azerbaijan, the North Sea, and northern Africa are also key sources of energy for the continent.

Many European countries also import liquefied natural gas by ship - and the US now sends more super-cooled gas by boat than Russia does by pipeline.

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