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The International Energy Agency (IEA) has warned that Russia could cut gas supplies to Europe entirely in order to boost its leverage against the West following Moscow's invasion of Ukraine. Russia has severely restricted gas flows to Europe in recent days. The Kremlin blames a delay in servicing equipment caused by European Union sanctions, while…
Russian pipe gas flows to Europe fell again and will likely remain heavily curtailed over the coming weeks. This was a key driver behind price rises at the ICIS TTF which in turn lifted the ICIS East Asia Index (EAX) back to prices last seen in March.
Neon Nettle - Russia Continues to Earn over $100 Million per Day from Oil Sales to Europe - Russian revenues from gas exports are believed to be equal to the revenue last year
Russia is to be earning more than $100 million every day from the gas it sells to Europe despite the slashed deliveries to major EU consumers in the past week, according to data from Independent Commodity Intelligence Services
Russian gas revenue from Europe has totaled about 35 billion euros since the war began, the Independent Commodity Intelligence Services estimated.