As Europe reels under the impact of high natural gas prices, Russia says it can help
Russian President Vladimir Putin attends a meeting on energy sector development at the Novo-Ogaryovo residence outside Moscow, Russia, on October 6, 2021.
Kremlin spokesman Dmitry Peskov said existing gas transit routes allow for bolstering supplies before the new Nord Stream 2 pipeline that will carry Russian gas to Germany begins operating. Europe’s soaring gas prices dropped on Thursday, a day after Russian President Vladimir Putin suggested his country could sell more gas to European spot buyers via its domestic market in addition to through existing long-term contracts.
But he added that Russia’s state-controlled gas giant Gazprom also needs to fill its own stores to serve domestic needs in anticipation of winter.
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