Russia cuts gas via Nord Stream to 20% of capacity pushing prices higher

Supplies through Nord Stream fell to just 20% of capacity from Wednesday, according to German grid operators. The slump is already materialising in reduced deliveries to buyers.

Russia's Gazprom has cut gas supplies via Nord Stream 1, the most important link to the EU, to about 20% of the pipeline’s capacity, in a move that could test Western unity five months into the war.

European wholesale gas prices increased as much as 14%, and prices are more than 10 times higher than the usual level for this time of the year.