Those relying on the Dutch gas hub TTF could face an 80% increase in insurance payments to secure transactions, according to an exchange memo cited by the publication.
The newspaper notes that energy traders may face the need to pay an additional $33 billion in margin payments.
Earlier, Bloomberg reported that the European Union proposed a 45-day transition period after the announcement of a ceiling on Russian oil prices on December 5.
Russian President Vladimir Putin has said that Russia will not act to its own detriment if Western countries impose a price ceiling on Russian energy resources.