Current energy crisis forces intensified this week. Gas prices appear like a leaf in the wind, with little indication on how far they will be carried and in what direction. That’s what Rystad Energy Vice President Emily McClain said in a market note sent to Rigzone on Wednesday, adding that current energy crisis forces intensified this week with gas market concerns centering around the news of subsea damage that has caused leaks on both the Nord Stream 1 and Nord Stream 2 pipelines. “Early this week, European gas prices fell to almost $50 per million British thermal units (MMBtu) on the back of high storage levels at more than 87 percent full, but quickly rose on news of the damage to both Nord Stream pipelines,” McClain said in the note. “We cannot expect prices to drop any time soon – at least not until we see some form of […]