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Kremlin: Nord Stream 2 can reduce gas prices

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Published: September 16th, 2021,
Last updated: October 30th, 2023

Russia has responded to high energy prices in Europe by saying that a quick approval of Nord Stream 2 could counter concerns about possible gas shortages in winter. A spokesman for Russian President Vladimir Putin said Wednesday that the Baltic Sea pipeline would significantly balance the price parameters for natural gas in Europe, even on the spot market – provided Germany allows it to go into operation soon.

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Energy Natural gas Energy Prices