Hypothetical Russian Gas Cutoff Would Double Prices in Estonia, Says German Institute ({{commentsTotal}})

Eesti Energia sees its competitive edge in the fact that it can offer electricity as well as gas to customers. Source: (ERR)
Business
Business

The German Institute for Economic Research has calculated that if Russia turns off all gas pipelines to the west, gas prices in the Baltics would surge by 100 percent.

Ukraine would be the worst hit, with prices increasing over 200 percent, while Finland would see an increase of more than 100 percent, Postimees reported today.

If Russia stops gas exports through Ukraine, Hungary, Croatia and Romania would see huge increases of up to 70 percent in gas prices, while other nations would only experience mild increases.

The full report (in German) can be read here.



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.