Zero Hedge: From Russia With 50% Less Supply: European Nat Gas Prices Explode To Record Highs As Putin Turns The Screws
That giant sucking noise is billions of "excess euros" being wired to Russia as Putin flexes his muscles showing Europe just how "transitory" record nat gas prices can be.
Natural gas prices in Europe hit a new record high as a slow at first, then much faster tightening of Russian supply looks set to cause a storage crunch on the continent.
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WNU Editor: Here is a good explanation on why Russia is curtailing natural gas shipments .... Why Russia Is Refusing To Send Europe More Natural Gas (OilPrice.com).
It's all about putting pressure on Europe to accept the Nord Stream Two pipeline, and to cut to a minimum natural gas shipments to Ukraine. The massive boost in prices is the bonus for the Kremlin.
