Ukraine crisis could increase Ireland's gas prices, EC warns

Ukraine crisis could increase Ireland's gas prices, EC warns

The EU is warning that gas prices in Ireland could increase if Russia cuts off the supply to the Ukraine.

The European Commission has told the government that prices could surge if Russia's dispute with the Ukraine continues.

It's recommending that governments do more to pool their gas supplies to minimise the effects of a disruption to supply.

However the EU says there should be no shortage of gas in Ireland, even if Russia cuts its supply, as Ireland does not import Russian gas.


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