Russia Hasn’t Raised Gas Supply To Europe Despite Putin’s Promise

Russia has not materially increased natural gas supply via its pipelines to Europe, despite assurances from Russian President Vladimir Putin that Gazprom would start sending more gas after it completes filling Russian storage. In November, Russian gas supply to Europe was volatile, as gas flows on the Yamal-Europe pipeline via Belarus to Poland and Germany were low or non-existent on some days, and at times reversed to flow eastward from Poland. The uncertainty over how much additional volumes Gazprom would ship on top of its contractual obligations…