BERLIN (AP) — Russia’s Gazprom on Wednesday halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20% of capacity. It’s the latest Nord Stream 1 reduction that Russia has blamed on technical problems but Germany calls a political move to sow uncertainty and push up prices amid the war in Ukraine. The Russian state-controlled energy giant announced Monday that it would slash flows on the Nord Stream 1 pipeline that runs to Germany because of equipment repairs. “Gas is now a part of Russian foreign policy and possibly Russian war strategy,” Mueller told Deutschlandfunk radio. Natural gas prices have surged on Europe’s TTF benchmark to levels not seen since early March and are nearly six times higher than they were a year ago.
Source: New York Times July 27, 2022 23:21 UTC