Thanks, this explains a lot; Do you think it's reasonable to assume that due to pipeline closures and Russian isolation, gas prices will keep rising? I'm reading up on this selfishly - as i purchased some natural gas stocks like $OVV and $AR as the conflict was unwinding.
Is LNG route open for Russia? Seems like it's their only option at this point. And Pipelines are simply not safe as it should be easy to sabotage them for the enemy combatants.
I also noticed that in EU there are rumblings about legislation that would force Gas companies to be taxed at a higher rate to continue to pave the way for green energy. Not sure what are the prospects of this in the US.
In the near term (days to weeks, maybe a few months), I would expect gas prices to be more likely to rise rather than fall. I can't speculate well about longer term because there are too many variables in play: while peak demand could be relatively well-forecasted based on climate change legislation, the supply side of the equation is difficult to forecast.
> Is LNG route open for Russia?
I am not an expert on these affairs, but I believe Russia doesn't have a lot of LNG export capability at the moment, and LNG export terminals are not something quickly built. It's more likely to me that Russia shifts its gas exports away from Europe and into China via existing pipelines, rather than investing in LNG export capabilities.
