Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted

Europe is to blame for gas price hike: Putin

  • By Al Mayadeen Net
  • Source: Agencies
  • 25 Dec 2021 00:42
  • 1 Shares
3 Min Read

Members of the European Union have been selling cheap Russian gas at high prices, resulting in a price hike in Europe.

  • x
  • Russian President Vladimir Putin
    Russian President Vladimir Putin

On Friday, Russian President Vladimir Putin said that the European Union can only blame its own policies for record gas prices, as some of its members resell cheap Russian gas at much higher prices within the bloc. 

Putin called on the EU to agree to a novelty route for Russian gas - the Nord Stream 2 pipeline - to cut prices down. 

Gas prices in Europe hit a new record on Tuesday, reaching almost 800% so far this year. Although prices decreased on Friday, it is still up over 400%. 

The US, in addition to some eastern European countries, stand against the Nord Stream 2 pipeline coming into effect, contending that the line would increase Europe's dependence on Russian gas, which provides 35% of the bloc's gas demands. Germany and Belgium are yet to approve the pipeline, which was built in September. 

"The additional gas supplies on the European gas market would surely reduce the price on an exchange, on the spot (market)," Putin said. 

Related News

Poland's President-Elect Nawrocki pledges to prioritize US alliance

Polish PM seeks confidence vote after nationalist elected president

According to Gascad, which is a German operator, the Yamal-Europe pipeline which pumps Russian gas to western Europe had gas flowing in the opposite way for the fourth day in a row on Friday, which adds pressure, since the line pumps fuel from Germany to Poland. 

Putin argues that Warsaw has obstructed Russia from operating the Yamal-Europe pipeline, which operates from Russia to Belarus, to Poland then to Germany. 

Moscow is blamed by Kiev

Ukraine, on the other hand, has recently blamed Moscow for gas shortages. 

Ukraine has announced it filed a complaint with the European Commission against Gazprom, accusing the Russian gas giant of deliberate gas shortage resulting in historically high prices.

Naftogaz accuses Gazprom of sharply reducing the sale of its gas on the European market while freezing supplies from other Russian organizations, preventing the flow of gas from Central Asia through Russia to Europe, and committing a direct breach of European anti-monopoly law.

Approval on hold

When it came to the other Russian competitor, Nord Stream 2, the German energy regulator said in November it was temporarily putting the approval process for the Russian Nord Stream 2 pipeline on hold, under the pretext that the company operating the pipeline must first become compliant with German law.

Germany's move constitutes the latest setback for the Russian energy project, as Western powers have tried to impede it many times in the years since its establishment.

  • gas
  • Nord Stream 2
  • Gazprom
  • Russia
  • Ukraine
  • Germany
  • Poland
  • European Union

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS