Gazprom: Nord Stream 2 May Supply Gas To Europe This Year

The controversial Nord Stream 2 natural gas pipeline from Russia to Germany may supply 5.6 billion cubic meters of gas to Europe this year, Gazprom said on its Telegram channel on Thursday. Gazprom’s announcement caused European benchmark gas prices to drop 10 percent on Thursday morning. Europe’s gas prices have hit record levels in recent weeks amid higher demand and lower supply, including from Gazprom. The operating company behind the project, Switzerland-based Nord Steam 2 AG, told Reuters today that construction is 99 percent…