July will be the third month that Gazprom holds back on shipping more gas volumes through Ukraine.

Wednesday, June 30, 2021

Analysts have concluded that Gazprom is working to raise European gas prices and to build support for the Nord Stream 2 pipeline. A sizeable number of US congressional representatives seek to impose sanctions to prevent this Russia-Germany gas line from opening in the fall.

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News that Gazprom spurned Ukraine’s offer pushed Europe gas prices yesterday over $400/1,000 cubic meters, the highest level in over a decade.

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