Russia Is Slowly Turning The NatGas Tap Off To Europe

Monday, March 24, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/24/2014

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.

The Rest…HERE

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