14/01/2025 – European gas price cap due to expire at the end of the month, chances of renewal uncertain – Read More News

GAS & POWER: Russia reported an attack on the Turkstream pipeline yesterday, with a dozen Ukrainian drones shot down near a measuring station located in the Krasnodar region: the pipeline complex supplies about 30 billion cubic metres a year, split between Turkey and eastern European regions

According to reports by Reuters yesterday evening, the European Union is on the one hand preparing to let the price cap measure (due to expire at the end of the month) lapse, and on the other hand, new pressures (involving at least ten member states) are emerging to decisively block the ‘residual’ Russian gas supplies to the Continent, both by pipeline and by ship.