EXPLAINER-Why Russia drives European and British gas prices

LONDON, (Reuters) – Benchmark European and British gas prices are on course for gains of more than 50% this week after Russia said capacity of its Nord Stream 1 pipeline, which take gas directly to Germany, would be cut by around 60%, dramatically reducing European gas supply.  Below are some of the factors explaining the impact of […]

EXPLAINER-Why Russia drives European and British gas prices

Germany announces new measures to boost gas storage

FRANKFURT, June 19 (Reuters) – Germany on Sunday announced its latest steps to boost gas storage levels to prepare for the next winter season, when it fears Russia, which has cut deliveries in recent days, could reduce or even completely halt supplies. Following Russia’s invasion of Ukraine, Germany, which relies on Moscow for most of its gas, […]

Germany announces new measures to boost gas storage