Europe’s gas crisis: what does it mean for investors?

Mark Lacey, Head of Global Resource Equities and Fund Manager of Schroder ISF Global Energy Transition

Azad Zangana - Senior European Economist and Strategist at Schroders

Irene Lauro, Economist at Schroders

Europe faces high gas prices and potential shortages as supply from Russia dwindles. We ask our investment experts what this means for companies, the energy transition, and the eurozone economy.

Europe’s precarious gas supply situation has been a prime focus for markets ever since Russia’s invasion of Ukraine at the end of February.

The European Union (EU) and others were quick to apply sanctions to Russian oil. However, gas is a more complicated matter given the reliance of major European economies – most notably Germany – on natural gas from Russia.

The situation became even more critical when a major supply pipeline – Nord Stream 1 – was closed for maintenance in July. It came back on stream, albeit at a lower volume, before being switched off again.

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