Joe Wallace and Georgi Kantchev of The Wall Street Journal report on Russian gas flows to Europe.
- Gazprom, Russia’s state-owned gas company, has reduced its supply of natural gas to Europe.
- Energy experts in Germany believe that Europe will be able to procure gas from other suppliers, albeit at higher costs, which would hurt consumers who are already dealing with rampant inflation.
- It’s unclear how long this supply reduction will last, but if it continues Europe could face some shortages in the winter.
Read the full article here.