Today, Europe is buying Russian NG via China at 10X the price. After being NG piped to China, it has to be converted to LNG, and shipped (on ships, in liquid form), at massive cost all the way back to Europe.
It would cost 1/10th the price to Europe if it was coming via the old direct Russia to Europe NG pipelines. But the "leaders" of Europe would rather their people literally freeze to death, and half of their businesses go out of business, than to grasp reality. IOW, at this point, it's pure vanity and face-saving. At the cost of their own peoples' lives.
Currency exchange rates don't lie, can't be spun. They are literally what traders will "buy" foreign currencies for, using their own money.
Do you understand these charts?