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Kremlin denies restricting gas supplies to Europe for political gain
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theguardian.comThe Kremlin has denied using Russia’s gas resources to turn the screw on Europe, after gas in a pipeline to Germany switched direction to flow eastwards for a second day, keeping prices near record highs as midwinter approaches.
Flows through the Yamal-Europe pipeline to Germany declined over the weekend before stopping on Tuesday and reversing, data from the network operator Gascade showed.
Gazprom, the Russian state gas firm, said the supply was flowing to Russia instead because of cold weather and high demand there.
The front-month wholesale Dutch gas price, the benchmark for European prices, rose more than 20% on Tuesday to close at a record high of €181 per megawatt hour (MWh). The equivalent British gas contract also jumped by about 20%
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