European Gas Stocks Shifting Amid Russia Sanctions
European gas stocks are on the move as supply routes continue to shift due to extended sanctions on Russia and changes in diplomacy. This volatility has created opportunities for some companies while punishing others, particularly those involved in trading and storage margins.
Friedrich Vorwerk Group (XTRA:VH2) is one of the mid-sized energy infrastructure specialists that build and maintain pipes, cables, and systems for gas, electricity, and hydrogen across Europe. The company's revenue comes primarily from electricity projects at around €378 million, followed by natural gas at about €208 million.
Kistos Holdings (AIM:KIST) provides direct exposure to European gas supply with producing fields in the UK, Norway, and the Netherlands. Its current market value is approximately £233 million, with a mix of oil and gas exploration and production generating around $213 million.
ReFuels (OB:REFL), on the other hand, runs a network of biomethane and compressed natural gas refueling stations across the UK and Europe, giving it exposure to European gas logistics. However, it remains loss-making with a reliance on external borrowing.