Russia says it could boost supplies to ease Europe gas costs
ABC News
The Kremlin says Russia has the potential to boost natural gas supplies to Europe as surging gas prices put pressure on consumers
MOSCOW -- Russia has the potential to boost natural gas supplies to Europe, where surging gas prices have ramped up pressure on consumers, the Kremlin said Thursday.
Kremlin spokesman Dmitry Peskov said existing gas transit routes allow for bolstering supplies before the new Nord Stream 2 pipeline that will carry Russian gas to Germany begins operating.
“There is a potential,” Peskov said during a conference call with reporters. “It all depends on demand, contractual obligations and commercial agreements.”
Europe’s soaring gas prices dropped Thursday, a day after Russian President Vladimir Putin suggested his country could sell more gas to European spot buyers via its domestic market in addition to through existing long-term contracts.