On: Europe’s energy crisis is about to go global as gas prices soar

[LargoLasskhyfv]

Russia has no supply issues. Gazprom is providing infrastructure, and other suppliers pump it empty like mad. Another one called Uniper, the largest AFAIK was at 77% full about 2 weeks ago. Hoarded. If you were Gazprom, and so far delivered according to contract, and even more, would you still deliver more to the conditions of those contracts, just so that other leeches can suck it out, and get rich quick on a crazy market? Why?

[nameme274728 → LargoLasskhyfv]

Leeches, hoarding, quick enrichment ... you make it sound like Gazprom is the good guy doing community service for a penny :D

[LargoLasskhyfv → nameme274728]

Wasn't my intent. The fact is they are not only operating the pipelines, but also large own parts of the storage.

Germany sold these to them. Goes against my guts, but that's how it is. But theirs is not the only, and not even the largest storage.

So in principle them not owning that storage wouldn't change a thing.

So there are contracts. Which go by volume, and not continous uninterrupted flow. They delivered the volume and some more.

And now it isn't gone, burnt, and 'gone with the wind', but bought by others in anticipation of rising prices,

either still residing in that storage, just owned by someone else, or pumped to other storage, anticipating good sales opportunity.

How would you call that? Clever business? While lobotomizing Gazprom, Russia, whomever?

What's so hard to get about this? They are not the bad actors here.