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    Gas price surge is part of Putin's strategy -German government spokesperson

Summary

Monday's surging European gas prices are part of Russian President Vladimir Putin's strategy and the intended consequence of Russia halting gas flows through the Nord Stream 1 pipeline, a German government spokesperson said.

by: Reuters

Posted in:

Complimentary, Natural Gas & LNG News, Europe, Security of Supply, News By Country, EU, Germany, Russia

Gas price surge is part of Putin's strategy -German government spokesperson

BERLIN, Sept 5 (Reuters) - Monday's surging European gas prices are part of Russian President Vladimir Putin's strategy and the intended consequence of Russia halting gas flows through the Nord Stream 1 pipeline, a German government spokesperson said.

Speaking at a regular press conference, the spokesperson said there were difficult months ahead but that the government was working to blunt the effect of the energy price jump. (Reporting by Matthias Williams, Editing by Miranda Murray)

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