{"id":459511,"date":"2021-12-31T09:29:09","date_gmt":"2021-12-31T03:59:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=459511"},"modified":"2021-12-31T10:11:56","modified_gmt":"2021-12-31T04:41:56","slug":"energy-costs-soar-in-2021-fuelled-by-political-unrest","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/energy-costs-soar-in-2021-fuelled-by-political-unrest\/","title":{"rendered":"Energy costs soar in 2021, fuelled by political unrest"},"content":{"rendered":"<p>Energy prices soared in 2021 &#8212; with gas, oil, coal, electricity and carbon all shooting higher in large part owing to a resurgence of geopolitical tensions between producers and consumers.<\/p>\n<p>The &#8220;steep rise in prices was probably the most dramatic development on the commodities markets in 2021&#8221;, noted Commerzbank analyst Barbara Lambrecht.<\/p>\n<p>The most spectacular surge was that of Europe&#8217;s reference gas price, Dutch TTF, which hit 187.78 euros per megawatt hour in December &#8212; 10 times higher compared with the start of the year. <\/p>\n<p>The spike has been fuelled by geopolitical tensions surrounding Russia, which supplies one third of Europe&#8217;s gas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy prices soared in 2021 &#8212; with gas, oil, coal, electricity and carbon all shooting higher in large part owing to a resurgence of geopolitical tensions between producers and consumers. The &#8220;steep rise in prices was probably the most dramatic development on the commodities markets in 2021&#8221;, noted Commerzbank analyst Barbara Lambrecht. The most spectacular surge was that of Europe&#8217;s reference gas price, Dutch TTF, which hit 187.78 euros per megawatt hour in December &#8212; 10 times higher compared with the start of the year. The spike has been fuelled by geopolitical tensions surrounding Russia, which supplies one third of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-459511","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=459511"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459511\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=459511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=459511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=459511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}