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Gazprom's Pumping Gas to Europe Like It's Winter Already

  • Gazprom sees summer demand in Europe similar to winter levels
  • Traders taking notice as winter gas prices are rallying

Photographer: Andrey Rudakov/Bloomberg

The world’s biggest exporter of natural gas is turning up the taps to Europe.

After the coldest winter since 2012, storage sites from Austria to the Netherlands are depleted and levels on the continent are at their lowest in at least a decade. That has Russia’s Gazprom PJSC smelling an opportunity.