- European gas prices have soared by as much as 50% in just one week.
- The surge in prices was spurred by reduced Russian flows and an outage at a key LNG export terminal.
- Germany warned that limits to flows via the Nord Stream pipeline were a strategy from Putin to rattle the market.
Scholz apparently thinks that NATO can engage in a proxy war with Russia and not incur costs. How dumb is that?
Outages And Reduced Russian Flows Send European Gas Prices Soaring
Tsvetana Paraskova
https://oilprice.com/Energy/Energy-General/Outages-And-Reduced-Russian-Flows-Send-European-Gas-Prices-Soaring.html
Gazprom Lowers Gas Flows To Italy Even More
Julianne Geiger
https://oilprice.com/Latest-Energy-News/World-News/Gazprom-Lowers-Gas-Flows-To-Italy-Even-More.html
3 comments:
Is it true that Canada refuses to ship some turbines needed for a gas-related project?
I mean, what kind of stupid sanctions would prevent the return of parts that would help Europe with their gas issues?
It appears to be
Siemens have called Force Majeure on their pipeline repair contract.
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