Russia Tightens Gas Grip as It Rejects Extra Ukraine Transit
- Gazprom hasn’t booked extra Ukraine pipeline capacity for July
- Russian gas flows could remain tight amid Nord Stream curbs
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Russia again tightened its grip on Europe’s natural gas supply, rejecting an offer from Ukraine to book more transit capacity to compensate for reduced flows through a key pipeline to Germany.
Russia’s Gazprom PJSC opted not to reserve extra space to ship gas to Europe through Ukrainian pipelines for July at an auction on Monday, booking results show. It’s another sign that supplies from Moscow may remain curbed for longer after the nation cut fuel shipments through the Nord Stream pipeline, its biggest gas route to the European Union, to just 40% of its capacity.