π€ it is possible for Russia to "increase supplies" of #natgas to Europe and create market fear π± that contributed to the quadrupling of prices since June?
π‘ A few hints below πππ
π‘ A few hints below πππ
Hint 1: gas "supplies" is a loaded word. Many automatically equate "increased supplies" with more gas exports from π·πΊ to πͺπΊ.
That's not the case. Gazprom is emptying its EU storage (stoking fears β pushing up prices π) and hides behind "delivering on obligations"
That's not the case. Gazprom is emptying its EU storage (stoking fears β pushing up prices π) and hides behind "delivering on obligations"
Hint 2: the post-pandemic gas demand in Europe is on par with 2019, so that's the reference year to look at for meaningful analysis.
Any comparison to 2020, used by those who prefer not to notice Gazpromβs role in the #gascrisis, is unhelpful and misleading. #energycrisis
Any comparison to 2020, used by those who prefer not to notice Gazpromβs role in the #gascrisis, is unhelpful and misleading. #energycrisis
Gazprom this month has lowered volumes via Ukraine to 86 million cubic metres (mcm) per day from 109 mcm in September, the latter being the level called for under the current ship-or-pay contract, said Sergiy Makogon, head of Ukraine's state-run operator
reuters.com/article/russiaβ¦
reuters.com/article/russiaβ¦
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