The ads may include us and 3rd parties based on our understanding. Gazprom, Russia's state-owned gas company, booked last-minute capacity on a pipeline to ship extra gas to Germany via Poland on Friday. European natural gas benchmark prices fell by 15 percent. It came after gas prices spiralled out of control as Mr Putin was accused of deliberately withholding supplies into the bloc in the hope of speeding up the certification of Nord Stream 2 in the hope of speeding up the certification of the bloc.
The pipeline will allow Russia to pass gas from Russia into Germany, bypassing Poland and Ukraine, but Mr Putin has been accused of using the pipeline as a geopolitical tool. Gazprom's profits went up as a result of the skyrocketing prices due to the gas squeeze from other pipelines. The tables appear to have turned. On Friday, European natural gas prices fell to €125 107 per megawatt hour from a record €142.76 121.89 session, amid reports that gas flows requests in the Yamal-Europe pipeline fell 15 percent in the early hours of the morning. After delays to the pipeline were announced, prices went up by unprecedented levels, along with threats that Nord Stream 2, which already had its certification suspended by German regulators, would be sanctioned because of the tension with Ukraine as Russian troops pile up on the border.
Mr Putin warned that Nord Stream 2 might not come into effect until July 2022. Latvian Prime Minister Arturs Kri j nis Kari suggested that the EU should slap Moscow with very painful economic sanctions and put the future of the Nord Stream 2 pipeline on the table. He said it would be important that if there is heightened military activity this project would be turned off, that it would be important that we could also decide that Nord Stream 2 is on the table. While Mr Putin did cave to these threats last week, imports are still running low, according to Trading Economics, and there are still fears that the gas crunch will continue as tensions between Russia and the West escalate. Traders are keeping a close to Gazprom, which books pipeline capacity via the main pipeline routes to Germany and Poland. Europe s benchmark gas prices go up every time Russia doesn't book too much additional capacity. A spokesman for PGNiG, a Polish gas company, said today that Gazprom is supplying contracted gas volumes to PGNiG in accordance with its contract. The Polish company has expressed its fear of Mr Putin using Nord Stream 2 to threaten the security of gas supplies in the EU, which has played out much as it suspected. READ MORE: Covid horror as anOTHER new variant discovered in France