Russia Is Slowly Turning The NatGas Tap Off To Europe
by Tyler Durden
While Naftogaz (Ukraine’s gas pipeline operator) states that all gas transportation from Russia to Europe is running normally, Bloomberg reports that Russian natgas exports to Europe are declining. Shipments are down over 4% from the prior week and also lower to Ukraine. This ‘adjustment’ follows increased sanctions by the West as Medvedev’s notable statement this morning that Ukraine owes Russia $16bn. Furthermore, Gazprom has cut its Diesel output by the most in 7 months… and just to rub some Black Sea salt into the wound, NY Times reports that Russia’s asking price for natgas to Europe is soaring.