Poland warns against restarting Russia gas supplies
Published On Jan 27, 2025, 2:18 AM
Poland's President Andrzej Duda stated that gas flows from Russia to Western Europe should not resume, even if a peace deal is reached between Russia and Ukraine. He emphasized the need to dismantle the Nord Stream pipelines, which have been inactive since 2022, citing threats to energy security and economic stability in Europe. Duda highlighted that European nations must resist the pressure to reinstate Russian gas supplies, as this could lead to Russia regaining economic dominance in the region. The backdrop of these statements includes recent German political discussions about possibly resuming gas flows to combat economic struggles, showing a divergence in perspectives among European nations regarding energy dependency on Russia. Duda also expressed the importance of including Ukraine in any peace negotiations and stressed that territorial gains by Russia should not be recognized.
Stock Forecasts
XLE
Negative
The focus on dismantling the Nord Stream pipelines could negatively affect energy companies that have investments tied to Russian gas supplies or those that depend on these pipelines for operations. This may lead to additional volatility in sectors related to traditional fossil fuels, particularly in Europe.
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