German Minister Criticizes U.S. Over ‘Astronomical' Natural Gas Prices

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German Minister Criticizes U.S. Over ‘Astronomical' Natural Gas Prices
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Germany’s economy minister has accused the U.S. and other “friendly” gas supplier states of astronomical prices for their gas supplies

Moscow's state-owned gas giant Gazprom has cut supplies to the bloc drastically over the last few months, largely due to international sanctions and a desire to punish Europe — the EU used to import around 45% of its gas supplies from Russia but is seeking to halt all imports — for supporting Kyiv.

European market power is"enormous," it just has to be used, he noted, according to the German news outlet. While the $11 billion Nord Stream 2 pipeline was never even launched, with Germany refusing to certify the pipeline following Russia's invasion of Ukraine in February, Nord Stream 1 has become a pawn in souring relations between Moscow and Brussels.

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