Gazprom to increase gas to EU – by fx_ross Oil Europe Ukraine RussianFederation
Bullish for the open, the Russian energy giant, Gazprom has been reported by Politico to have said on Friday that it would not restart the Nord Stream pipeline to Germany as planned, but on Saturday it said it would increase its shipments of gas to Europe via Ukraine, according to media reports.
The company said it would ship some 42.7 million cubic meters of natural gas through Ukraine to Europe on Saturday, Reuters reported. Flows from the entry point at Sudzha were slightly higher compared to Friday’s 41.3 million cubic meters, but that doesn't make up for the shortfall in gas that was expected to flow from Nord Stream 1 on Saturday, the agency said.''
Europe has been accusing Russia of weaponising energy supplies in what Moscow has called an "economic war" with the West. However, Moscow has blamed Western sanctions and technical issues for supply disruptions. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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