Europe was already facing a winter gas crisis

When Germany announced this week that it had suspended the process of certifying a controversial new Russian gas pipeline called Nord Stream 2, the response in energy markets was immediate. European natural gas futures finished almost 18% higher on Tuesday and rose again on Wednesday. UK wholesale prices also surged. They're now heading back towards record levels seen in early October, when some factories in Europe and the United Kingdom were shuttered because their operations had become unprofitable. The unease reflects a growing uncertainty: As colder weather sets in, will the region be able to source the energy it needs to power buildings and businesses and heat homes amid a global scramble for fuel? "Markets are incredibly jittery," said Nikos Tsafos, an expert in energy and geopolitics at the Center for Strategic and International Studies in Washington D.C. "The lack of certification adds to that anxiety." Germany's decision not to approve Nord Stream 2 for now because the pipeline operator is based in Switzerland appears to be based on a legal technicality. But the move will delay the date when gas is expected to start flowing — a turning point analysts have said could mitigate Europe's energy shortfalls. "The timeline for the start of the pipe now appears longer than what we initially expected," strategists at Goldman Sachs wrote in a research note. They now predict gas will start flowing along the pipeline in February of 2022, though some analysts think it will be even later. That means it can't be counted on to boost supply in the coming months, a period that was already going to be challenging. "Nord Stream 2 is the pipeline that can change the supply game in Europe and tip the scale, so delays in its utilization mean the current tight gas market conditions will persist through the winter," said Carlos Torres Diaz, head of gas and power markets at Rystad Energy. Ask questions in the comments and subscribe to the channel! Look please our another videos: The European Union has said it will slap new sanctions on Belarus https://www.youtube.com/watch?v=i96S-Rb-CDU Riots and water cannons on the border with Belarus, border guards were wounded. https://www.youtube.com/watch?v=1kpBh2EH4dI&t=6s Knee jabs to uppercut ( 3D Animation) https://www.youtube.com/watch?v=WzITptyD-0U Giant Dance Move Pack (3D Animation) https://www.youtube.com/watch?v=HRQ--u9ROL0&t=602s Winter is coming - it's time to dance in the snow! https://www.youtube.com/watch?v=MP0LS-5SvMo Look at expressive sexy dance! https://www.youtube.com/watch?v=NxKEwgO0eQQ Buy here: https://marketplace.reallusion.com/expressive-sexy-dance- Look at Rumba solo dance! https://www.youtube.com/watch?v=2-G4X_b0r70 Try to dance like a robot - it's funny! https://www.youtube.com/watch?v=W_MMZWm4Q20 Japanese Restaurant 3D Model https://www.youtube.com/watch?v=AFDZLfwMqyM Western Saloon 3D Model https://www.youtube.com/watch?v=oCNx6g_R8AA Lets look at the stars,dear ! https://www.youtube.com/watch?v=sERdKB0iLw4 Time to dream together https://www.youtube.com/watch?v=Cd3MoggECr8 When your boyfriend plays with you https://www.youtube.com/watch?v=H-32U2TZgdQ When your boyfriend goes around the bush https://www.youtube.com/watch?v=HfLU-99pmTc Animated 3D models of tanks ( Game ready) https://www.youtube.com/watch?v=2_aUx6h1ltE Street dance girl style https://www.youtube.com/watch?v=JEdhDcaKnl0 More European citizens are being pushed into energy poverty https://www.youtube.com/watch?v=JXrdZmlImnM Polish row over EU law euronews https://www.youtube.com/watch?v=t217lr_azrk Dancing by the Sea https://www.youtube.com/watch?v=9oWQk55g4Jg Strolling Kiss bent over https://www.youtube.com/watch?v=-S-3T26NQ3M Usually strolling kiss https://www.youtube.com/watch?v=9nSAcSZ7DZo Panther Tank Game Ready 3D Model https://www.youtube.com/watch?v=eO6WbAFj3Uw Flamenco dance 😍 https://www.youtube.com/watch?v=-3loPaxmex4 Archimed Production Studio produces high-quality feature films, documentaries and animation films and 360-degree panoramic animation. Winner of five international film festivals. We invite to cooperation of independent producers, distributors, investors . If you have any questions, please write to the e-mail: transfert@mail.ru The animation of all the characters in real time 3d