One day after Russian President Vladmir Putin said his country could sell gas to European spot buyers through its domestic market, Europe's soaring gas prices dropped on Thursday, the Associated Press reported.
Putin emphasized that Russian gas supplies to Europe in the first nine months of the year rose 15 percent compared to the same period in 2020, adding that they could set a new record this year. He said that state-controlled gas giant Gazprom has unfailingly met consumer demands for more gas as envisaged under existing supply contracts.
That has led to criticism from some analysts and some European politicians, who accused Russia of withholding gas to pressure German and European authorities into speeding final regulatory approval for the recently completed Nord Stream 2. The pipeline is designed to deliver gas directly to Germany, bypassing Poland and Ukraine.
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