How will Russia's gas decision impact UK consumers?
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Russia only provides about 5% of the UK's gas supplies, but that did not stop gas prices rising following Moscow's invasion of Ukraine at the end of February. On Wednesday, early trading saw European gas prices rise by 19% - nearly a fifth - to 117 euros per megawatt hour, following Gazprom's announcement.
If Russian gas supplies to the wider EU were cut off, there would be increased competition for alternative supplies.
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