By now, I would assume that the West has not only won the gas war but has actually crushed it. I’m even surprised. It’s incredible how Russia tried to pull off an energy crisis similar to the 1970s but had its attempts crushed in less than a year. Now Russia will have to face a severe crisis in its gas industry.
Meanwhile here’s an update on Miriam Dalli’s gas trade:
US NATGAS : -65%
Brent Crude: -22%
Miriam Dalli’s gas trade is deep in the red compared to how gas prices fared with oil.