Macroeconomic Monitor
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2012.02.25

A new chance in the European energy game

Another winter and another gas crisis. The cold, which has gripped most of Europe and Russia, has sharply increased the consumption of natural gas. A shortage of natural gas has immediately appeared, as Russia has taken advantage of the moment and reduced gas supplies through the Druzhba pipeline by 10%. This time, the Russians have justified themselves with a record …

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