Putin is squeezing gas supplies to Europe — Here are 2 stocks that could benefit

Putin is squeezing gas supplies to Europe — Here are 2 stocks that could benefit

The Russian war on Ukraine has sparked a slew of sanctions as the Western powers seek to convince Russia to desist – and counter-sanctions, as Russia seeks to push back against the West. Russia and NATO both are reluctant to shoot at each other. But Russia has a powerful sanction weapon to fall back on, to support its war policy.

Germany, and much of Western Europe, imports most of its natural gas from Russia – and the Russian government is turning off that tap. Russian gas exports on the chief pipeline are already down to 40%, and the Russian government will be dropping it further to 20%. Ironically, Western sanctions on Russia are contributing to the cutback, as they have made it more difficult for Russia to maintain and service the pipeline.

The immediate result of this sanctions battle over gas is a surge in natural gas prices – globally. Against this backdrop, we’ve used the TipRanks database to locate two natural gas stocks that are poised to ride those price increases straight to share gains. Both are Strong Buy options, and according to Wall Street's 5-star analysts, each has considerable upside potential. Let’s take a closer look.