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Europe has endured a sharp drop in gas exports from Russia, its largest energy supplier, in recent months.
To shore up supplies and reduce energy consumption before winter sets in. i'm joined now by andreas schroeder, head of energy analytics at independent commodity intelligence services. thank you very much for talking to us today. and we have been talking about the massive increase in the average bill for energy users in england, scotland and wales, it is going up more than 80%. how does that compare to any increase in costs for people in germany? 50 costs for people in germany? sr germany will face the same situation as the uk does, but with a time delay. so the structure of the consumer tariff...
Russia has drastically reduced natural gas supplies to Europe, with flows via the Nord Stream 1 pipeline currently operating at just 20% of agreed volumes.
Vladimir Putin is toying with Germans by further reducing gas flows from Russia. Companies are worrying about a potential financial abyss as politicians do what they can to prevent the worst this winter.
Germany’s energy giant Uniper told CNBC it had “formally rejected” Gazprom’s force majeure claim.