Russia halts Gas supply to Europe, Gas prices soaring in Europe, US Sanction Lift

Currently, Russian President Vladimir Putin, seeing the threat of winter and climate change in Europe, has cut off gas, oil, and natural energy supplies to Europe, which will depend on Iran, Saudi Arabia, and Qatar for gas, oil, and natural energy supplies to whole Europe as well as other North American countries. The prices of Oil, Natural Energy, and Gas are skyrocketing. Recently, many media reports claim that Russia has stopped all gas supplies with Europe in order to get the US sanctions lifted from Iran. This is an opportunity to establish relations again between Russia, Iran, and the US because Russia and Iran do not want the US to get involved in Europe and Middle East tensions at any cost. Recently it has been told that after this step of Russia, there is going to be a big economic, environmental, and transportation impact in Europe. Currently, Russia has stopped many gas pipelines like Nord Stream, Yamal, Brotherhood, and Soyuz, and additionally, all the gas supply pipelines leading to Italy have been closed. Although Europe Norway, Russia, Qatar, Australia, and the US also supply their gas to Europe through sea routes, Europe benefits the most from the Russian Gas Pipeline. But now it is being said that Russia’s gas and oil supply reaches all the European countries mostly through Ukraine, Turkey, and Nord Stream.

Qatar, US, and Norway could earn the highest revenue by Exporting Gas to European Union in 2025

Recently some reports claim that Norway, Qatar, and Australia are benefiting the most from the sanctions imposed on Russia and Iran. Currently, there are some reports that Americans have been continuously purchasing Gas, Oil, and Natural Assets from Russia for the last 3 years so that they can earn a lot of revenue during the Ukraine-Russia war in Europe. There are also some claims that India, China, Iran, and Saudi Arabia are now buying Russian gas and carrying out Russia’s gas exports to Japan, Korea, the European Union, and Brazil. So now in such a situation, the prices of US Gas, Oil, and Energy sectors are also increasing because only about 50% of its oil and gas reserves are left. Due to this, the US may also be forced to remove US sanctions from Iran, Russia, and China. It is reported that Russia is the second largest gas exporter after America which can save Europe from the Winter Season and Climate Change in the future. But now US eyes are on Qatari, Norwegian, and Australian gas and oil exports. Currently, told that Gas Prices in Europe range from around 1.94 Eur to 2.50 Euro but now after Russia’s Gas Pipeline halts, Gas Prices during the Winter in Europe can go up to around 3.5-4.5 EUR per litre.