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UK gas prices soar as Finland makes worrying claim about pipeline leak
(www.independent.co.uk)
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this post was submitted on 10 Oct 2023
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Can someone please explain what is the relation between Finland-Estonia pipeline and UK gas prices?
Energy is a global market.
If gas prices increase sufficiently where the pipeline gas is consumed, some suppliers that supply the UK may consider rerouting gas supply to capture the increased price and profit. This means less supply for the UK which increases prices there also until there’s a balance. Higher prices mean people will use less gas until the supply in each area is enough to meet demand.