Russian gas can be bought for another year
The headline signals continued availability of Russian natural gas for buyers, extending supply rather than cutting it off.
Source →The trace
How it reaches your house.
Starting from Gazprom (ПАО Газпром), we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Equinor ASA →Prices riseNatural GasEQNR
Europe's gas-price spike raises the cost of Equinor's natural-gas input, and the edge's 20% dependency with only moderate substitutability implies a meaningful but not extreme impact.
80% confidenceBP plc →Prices riseNatural gas wellhead productionBP
Europe-wide natural gas price stress would pass through to BP's gas-related input costs; the dependency is limited but not easily replaced, so the effect is modest yet real.
68% confidenceEquinor ASA →Prices riseHop 2
Natural Gas (Haber-Bosch Feedstock and Fuel) →Prices riseAmmonia and nitrogen fertilizers
Natural gas is a critical Haber-Bosch feedstock and fuel, so European gas cost stress raises ammonia and nitrogen fertilizer costs.
95% confidenceNatural Gas →Prices riseSEMPRASRE
Sempra already discloses that higher natural gas prices drove a 13% increase in its gas cost, so a European gas spike directly lifts its input costs.
95% confidenceNatural gas wellhead production →Prices riseHop 3
Ammonia and nitrogen fertilizers →Prices riseSteam methane reforming (SMR)
This gas-intensive reforming step uses natural gas directly as both feedstock and fuel, so the European gas spike raises its operating cost.
96% confidenceAmmonia and nitrogen fertilizers →Prices riseHaber-Bosch nitrogen fixation
The ammonia synthesis step is fed by hydrogen made from gas-based reforming, so higher gas prices transmit as higher production cost here too.
92% confidenceIndustrial gases →Prices riseIndustrial gases rely heavily on natural gas as a critical input, so elevated European gas prices directly raise its production cost.
91% confidenceHop 4
Underground natural gas storage (depleted fields & salt caverns) →Prices riseUnderground storage is a critical buffer, so a tighter, pricier gas market feeds through directly into higher home-gas prices on this edge.
88% confidenceUnderground natural gas storage (depleted fields & salt caverns) →Prices riseSouthern California Gas Company (SoCalGas)
SoCalGas has a sole qualified supplier on this edge and a very long replacement lead time, so pricier or tighter storage conditions quickly raise its input cost.
79% confidenceUnderground natural gas storage (depleted fields & salt caverns) →Prices rise
Where it lands
What you buy, and what you own.
Goods you buy
Ammonia and nitrogen fertilizers · Natural gas (home) · Industrial gases
In the MyPRIA app, this is checked against your own holdings.