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It's still winter. Much of Europe relies on Gazprom directly for natural gas and perhaps more pervasively, for a lot of low cost natural gas to maintain market
by oliwarner 5y ago
It's still winter. Much of Europe relies on Gazprom directly for natural gas and perhaps more pervasively, for a lot of low cost natural gas to maintain market stability.
Indeed, Gazprom's recent inaction to stabilise supply has seen wholesale prices rocket. I can't imagine the chaos if Gazprom were ordered to cut the supply off.
By which I mean to say, Russia has bargaining power here too. It's not just pointy sticks.