European Gas Prices Surge as Nord Stream Supply Falls

The transcript discusses the Kremlin's strategy to keep gas flows at minimal levels amid the ongoing Ukraine conflict. It highlights the uncertainty surrounding the duration of reduced flows and the potential impact on European gas storage for winter. The discussion also covers the maintenance of Nord Stream turbines and the political implications of gas supply as a tool by Putin. European ministers' efforts to reduce gas reliance by 15% are examined, noting the voluntary nature of the measures and potential for mandatory rationing if the situation worsens.

What are the expected gas flow levels from the Kremlin as the war in Ukraine continues?

How does the current situation with Nord Stream gas flows affect European storage levels for winter?

What are the implications of the turbine situation on gas flows from Russia?

What is the significance of the 15% reduction in gas reliance proposed by European ministers?

How might the situation change if the gas supply deteriorates further?