Gas prices could rocket in the near term if Russia implements shutoffs to more countries. If Russia implements gas shutoffs to more countries unwilling to pay in Rubles, in addition to Poland and Bulgaria, prices could rocket in the near term. That’s according to Rystad Energy analyst Nikoline Bromander, who said many European energy ministers are actively exploring and discussing how to effectively phase out Russian oil and gas while keeping the lights on and avoiding a full-blown domestic energy crisis. “As these countries look for alternative sources of energy, any decrease in sales will negatively impact Gazprom’s income and could lead to operational issues,” Bromander said in a statement sent to Rigzone late Monday. “Russia will have to find a balance between reduced domestic production, domestic storage availability and diversity of pipeline exports,” Bromander added. To accept Putin’s terms, European buyers may make Dollars or Euro payments into […]