Kremlin Urges Europe to Buy Russian Gas
The Kremlin stated that European countries could ease high energy costs by purchasing cheaper Russian gas instead of expensive spot market supplies. European gas prices have surged amid rising geopolitical tensions, while inventories remain well below historical averages.
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European Natural Gas prices climbed to €75 per megawatt hour over the weekend, more than doubling over the past year. The surge follows supply disruptions tied to the ongoing conflict in Iran. Russia said Tuesday that European nations are paying the price for shunning Moscow's energy supplies.
