Vladimir Putin drives down Europe gas prices by ordering company to supply Austria, Germany

For more reporting from the Associated Press, see below.

European gas prices plummeted Thursday after Russian President Vladimir Putin called on his country’s major natural gas company to supply more gas to storage facilities in Austria and Germany. Above, Putin chairs a meeting on development of the resource potential on the Yamal peninsula at the Novo-Ogaryovo residence outside Moscow on October 27, 2021.

Putin noted last week one of the two links of the new pipeline under the Baltic Sea already has been filled with gas as part of preparations for its launch, adding that supplies could start"the day after" after regulators give their approval. Nord Stream 2, with an annual capacity of 55 billion cubic meters of gas, is designed to deliver gas directly to Germany, bypassing Poland and Ukraine, which have vehemently opposed the project along with the U.S.

Ukrainian authorities fear the pipeline will deprive the country of $2 billion in annual gas transit fees and erode its international standing amid a tug-of-war with Russia following its 2014 annexation of Ukraine's Crimean Peninsula and support for separatists insurgents in eastern Ukraine.

I'm watching $60_$65k as the next resistance for Bitcoin If we can break that range with confirmation then the 2nd half of the bull market is starting! yanasvetlana123 is a super Bitcoin Trader I’ve been following his tweets and tips seriously & I’ve been doing great

COP26

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Enphase Energy surges after record quarter despite supply chain woesShares of solar company Enphase Energy jumped after the company said demand is booming even as supply chain bottlenecks weigh. I received my withdrawal successfully. I must say being an investor with this platform, is one of the greatest thing i have ever happened to me. I recommend everyone to this lifetime investment project good investment company tatiana_alek
Source: CNBC - 🏆 12. / 72 Read more »

TotalEnergies says gas prices should stay high, quarterly earnings spikeTotalEnergies' earnings rose sharply in third quarter, the French energy group said on Thursday, as it reaped the rewards of surging power prices and predicted gas prices would remain high in Europe and Asia though next spring. no fucking shit sherlock wow
Source: Reuters - 🏆 2. / 97 Read more »

Equinor Q3 surges on gas and derivatives, boosting share buybacksNorway's Equinor posted its strongest quarterly result in nine years on Wednesday, driven by a global energy supply crunch that pushed Europe's natural gas prices to record highs and sent the value of derivative contracts soaring. good
Source: Reuters - 🏆 2. / 97 Read more »