Europe's Price Vengeance on Gazprom

Gazprom customers are winning big discounts

From the Baltics to the Mediterranean, Russia’s Gazprom has long been the dominant supplier of natural gas to heat homes, run factories, and generate electricity. Even if its European customers grumbled about high prices, they didn’t do it too loudly: Gazprom could cut them off, as Ukraine learned during its price disputes with the company between 2005 and 2010.

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