With Europe facing a 25% cut in pipeline gas from Russia in July, Gazprom yesterday refused Ukraine’s offer to ship 50% more Russian gas to the EU in July

. Two Russian pipelines – Nord Stream 1 and Yamal-Europe – are to undergo maintenance in July, reducing flows from Russia by 2.2 billion cubic meters. With these scheduled shutdowns in mind, Ukraine’s Gas Transmission System Operator offered to increase daily transit by 51%, to 188 million cubic meters.