Russia Is Pumping A Lot Less Natural Gas To Europe All Of A Sudden — And It Is Not Clear Why

  • Posted on August 24, 2021
  • News
  • By FC Team
  • 752 Views

LONDON — Russia has slowed the delivery of piped natural gas to Europe in recent weeks, according to analysis from ICIS, a commodity intelligence service, raising questions about the potential causes behind the drop and its implications for global gas markets.It comes shortly after German Chancellor Angela Merkel sought to ease long-running concerns about the nearly completed Nord Stream 2 pipeline, saying further sanctions may be imposed if Moscow used gas “as a weapon.”The controversial project is designed to deliver Russian gas directly to Germany via the Baltic Sea, bypassing Ukraine and Poland.Critics argue the pipeline is not compatible with European climate goals, increases the region’s dependence on Russian energy exports and will most likely strengthen Russian President Vladimir Putin’s economic and political influence over the region.cnbc.com

Author
No Image
manager

FC Team

No description...

You May Also Like