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Putin is squeezing gas supplies. And Europe is getting seriously worried about a total shutdown

From cnbc.com

European leaders are growing increasingly concerned about the possibility of a full shutdown of gas supplies from Russia. Gazprom, Russia’s state-backed energy supplier, has reduced its gas flows to Europe by about 60% over the past few weeks, prompting Germany, Italy, Austria and the Netherlands to all indicate they could turn back to coal once again. It comes as Europe — which receives roughly 40% of its gas via Russian pipelines — tries to rapidly reduce its reliance on Russian hydrocarbons in response to the Kremlin’s nearly four-month-long onslaught in Ukraine. “Russia is diminishing the supply of gas little by ... (full story)

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  • Category: Fundamental Analysis