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Germany Turns More Pessimistic on Russian Gas This Winter

  • Economy minister says Germany can’t rely on Russian gas
  • More Nord Stream works expected next month when it gets colder
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Gas Prices in Europe Need to Be Capped: BofA's Blanch
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German Economy Minister Robert Habeck said the country can’t rely on gas supplies from Russia, as Europe braces for energy shortages this winter. 

Germany is becoming increasingly pessimistic about the role of Russia’s Gazprom PJSC in supplying the vital fuel during the coldest months. Gazprom has stopped deliveries to Europe through its main pipeline for what it said would be three days from Wednesday, and there are growing expectations that the flows will be used as a way to squeeze the bloc on sanctions.