Gazprom fully stops Nord Stream gas supply indefinitely as Putin piles further pressure on Europe after G7 agrees Russian oil price cap
- Russian energy giant Gazprom cuts off all Nord Stream supplies to Europe
- Russia is the world’s second largest oil exporter and largest natural gas exporter
- Vladimir Putin was accused of using energy as a ‘weapon’ against the continent
Gazprom has cut off its Nord Stream gas supplies as Vladimir Putin continues to pile the pressure on Europe by weaponising the flow of energy to the continent.
Russia is the world’s second largest oil exporter after Saudi Arabia and the world’s largest exporter of natural gas.
Europe imports about 40 per cent of its gas and 30 per cent of its oil from Russia, and Putin has already been accused of ‘energy blackmail’ by strangling the flow of natural gas into Germany via the Nord Stream supply.
The EU has said Russia resorts to energy blackmail, while the Kremlin says the disruption has been caused by maintenance issues and the effect of Western sanctions.
Gazprom has cut off its Nord Stream gas supplies as Vladimir Putin continues to pile the pressure on Europe by weaponising the flow of energy to the continent
Russia is the world’s second largest oil exporter after Saudi Arabia and the world’s largest exporter of natural gas. Pictured: Nord Stream 1 in Lubmin, Germany
Europe has been on edge over soaring energy prices as Russia curbed its gas deliveries in the wake of its invasion of Ukraine.
Germany, which is heavily dependent on Russian gas, has accused Moscow of using energy as a ‘weapon’.
Gas is used to keep industry humming, generate electricity and heat homes in the winter, and concerns are rising about a possible recession if Europe does not save enough gas and rationing is required to get through the cold months.
It comes days after Gazprom slashed its own supply into Germany for what it described as ‘maintenance’. Last month capacity was dropped to just 20 per cent of usual levels amid tensions between Russia and the West following the Ukraine war.
With winter round the corner, European consumers are staring down the barrel of huge bills to power and heat their home. Some countries like France have warned that rationing is a possibility.