Even six months ago it was almost unthinkable that Moscow would cut off gas supplies to Berlin. Now that scenario is becoming the odds-on favorite.
Germany increased its gas on Thursday emergency situation at its second highest level. The change was not unexpected—Russian gas giant Gazpromo low current With the crucial Nord Stream 1 pipeline last week—but nonetheless—it signals Berlin’s growing concerns. European prices for liquefied-natural gas and electricity, which rose last week, took further gains.