Putin’s Russia DEFEATS Biden’s America as Natural Gas Prices Rise 500% and Gazprom Dominates Europe

Natural gas contracts hit new highs in Europe this week — and regional benchmark prices are up almost 500% so far this year.

The Russian gas giant, Europe’s biggest supplier of the fuel, reiterated that shoring up inventories at home was its top priority. Only after it has refilled its own storage facilities by the end of October, would the company look at potentially increasing exports to continental Europe, Wood & Co. and BCS Global Markets wrote in separate notes Friday following a webinar with Gazprom managers. https://www.bloomberg.com/news/articles/2021-10-08/gazprom-eyes-higher-export-price-as-europe-energy-crisis-deepens

Like it or not, with Nord Stream 2, Putin has a foot on the gas Europe badly needs

As Europe Faces a Cold Winter, Putin Seizes on the Leverage From Russia’s Gas Output

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Author: H. A. Goodman