JERA CEO Says Russian Gas Supplies to Europe Will Stop From Jan. 1, Prices May Rise Further

According to ChainCatcher, the global chief executive officer of JERA, Japan’s largest power company, said Russian liquefied natural gas and natural gas shipments to Europe will stop from Jan. 1 next year. The executive also said gas prices could climb further. The update points to a potential supply shift in the European energy market at the start of the year. No additional details on volumes, policy measures, or affected buyers were provided in the original brief. The report only stated the timeline for the halt and the CEO’s view that natural gas prices may continue moving higher.