Europe Faces “Red Alert” For Gas Supply As Russia Reduces Flows ...Middle East

The risk of a difficult winter of gas rationing for industries and another surge in energy bills for consumers in Europe just became greater as Russia escalated the gas row with the EU by slashing supply to major customers.  The significantly lower supply from Russia since last week and the upcoming annual maintenance at Nord Stream that will completely halt deliveries through the pipeline for two weeks in July, leaving Europe scrambling to fill gas storage sites to adequate levels before the winter.  It was a race against time to fill…

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