The EU is considering a price cap on Russia’s natural gas exports in order to reduce both its energy bill and Russia’s ability to wage war on Ukraine

The surge in gas prices is pushing key European industries to close their factories, in what could be a temporary measure or the start of a wave of deindustrialization.

Natural gas is the main energy source for European fertilizer plants to produce nitrogen fertilizer, and after the Nord Stream pipeline leak, the price of natural gas supply was tightened and fluctuated. Due to the rising costs, major European fertil