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Old 07-27-22, 10:20 AM   #5258
Jimbuna
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Gas prices have soared after Russia further cut gas supplies to Germany and other central European countries after threatening to earlier this week.

European gas prices are up almost 2% trading above an earlier all-time high after Russia invaded Ukraine.

Critics accuse the Russian government of using gas as a political weapon.

Russia has been cutting flows through the Nord Stream 1 pipeline to Germany, with it now operating at less than a fifth of its normal capacity.

Germany imports 55% of its gas from Russia and most of it comes through Nord Stream 1 - with the rest coming from land-based pipelines.

Russian energy firm Gazprom has sought to justify the latest cut by saying it was needed to allow maintenance work on a turbine.

The German government, however, said there was no technical reason for it to limit the supply.

Ukraine has accused Moscow of waging a "gas war" against Europe and cutting supplies to inflict "terror" on people.
https://www.bbc.co.uk/news/business-62318376
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