Russia Cuts European Natural Gas Supply in Half, Resulting in Gas Prices Spiking to 13 Year Record Highs

European natural gas prices up 500% in one year

By Paul Preston and Chriss Street, Exclusive to AENN

Natural gas prices in Europe hit a new record high as a slow at first, then much faster tightening of Russian supply looks set to cause a storage crunch on the continent.

According to Chriss Street the price of natural gas has risen to spectacular prices in Europe as Russia turns off the natural gas. Russian gas flows via the Yamal-Europe pipeline that runs across Belarus and Poland to Mallnow, Germany. This flow is now being turned off in a progressive manner as Europe prepares for winter. Street suggested that storage for natural gas is at all time lows which will exacerbate supplies during the cold winter months.

Russian gas flows via the Yamal-Europe pipeline that runs across Belarus and Poland to Mallnow, Germany…

This is now a major problem for European leaders and their American friends like President Joe Biden. Putin who controls the flow is speaking in a language that all European’s understand and the is how cold do you want to be in the winter?

Natural Gas prices as of August 3, 2021. European natural gas prices are up 500% in one year

Street thinks this is a direct result of Putin pushing back on the “woke” leaders of the world. The Russians have seen wokeness before in the old Soviet Union where religion is the victim of the woke. Russia today is now one of the largest Christian nations in the worl and Putin aims to keep it that way.

Progression of natural gas increases.

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