So yesterday, oil traded for $100 for the first time since 2014.

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https://preview.redd.it/zrljo6yjrxj81.jpg?width=782&format=pjpg&auto=webp&s=e78c0c40171ef884e995bb8357aeea0af1308094

And keep in mind that they didn't sanction Russia's current production capabilities, they only paused NordStream 2 which doesn't export gas, but if they do mess with Russia a lot, they can just close the gas pipeline for (security reasons, or maintenance.)

This will cause global markets to bid as much as possible to get Gas/Oil.
There are a lot of Oil exporters, and using it is a big easy because it stays liquid you just have to purify it.
However, there are only few Gas exporters, and send it via Pipelines is the EASIEST form.
Otherwise, they will need LNG (GNL) and there is a problem with this, you need a lot of:

• Infrastructure to transform LNG to Gas
• Infrastructure to Store the LNG
• Ships to transport it (they are rented by year, so it's very hard to find non used ones)

This means that prices can only go up, and it's great for us especially because of how close we are.

Current situation.

This doesn't mean that we will change the price at which we sell to Spain/Italy/Portugal since we probably have long term futures contract.

BUT

If they ask for more gas, or if other EU countries ask for it then they will be forced to pay a lot to get it.

And don't forget that we are a GAS exporting country, and that there aren't a lot of it.