Russia plays on Europe’s gas-cut fears
Gazprom reduces gas supply to Europe amid freezing temperatures
Gazprom is using freezing temperatures to drive home the importance of Russian gas supply to Europe, helping to sending prices skywards in the process.The Russian export monopoly reduced gas exports to Europe last week after domestic demand soared amid plummeting temperatures. Gazprom said it could deliver contracted volumes to European customers – but despite a cold snap gripping Europe, too, the firm said it would not be able to supply any additional gas as utilities try to meet increased heating demand."[European gas] supplies decreased slightly, by around 10%, for several days, and to Poland and Italy for basically one day. The rest of the time [our supplies were] in line with the contra
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
