Natural Gas
Russian Retaliation Begins: Gazprom “Limiting EU Gas”, Cuts Poland Supplies By 24% In Past Two Days
In other words, this is only the beginning as Ukraine has clearly made the case that it will plug its gas reserve gap using “reverese flow” of Russian gas in transit to Europe. More importantly, this follows news earlier today from Poland’s PGNiG which said Gazprom lowered supply by 20%-24% in past 2 days. So is this the beginning of the quite literal, ahead of the winter, European cold war?