{"id":61969,"date":"2022-02-22T12:00:56","date_gmt":"2022-02-22T17:00:56","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61969"},"modified":"2022-02-22T12:00:56","modified_gmt":"2022-02-22T17:00:56","slug":"russia-warns-of-brave-new-world-of-higher-gas-prices-after-germany-halts-nord-stream-2","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61969","title":{"rendered":"Russia Warns Of &#8220;Brave New World&#8221; Of Higher Gas Prices After Germany Halts Nord Stream 2"},"content":{"rendered":"<header class=\"ArticleFull_header__Eyn7V\">\n<h3 class=\"ArticleFull_title__MEgbb\"><a href=\"https:\/\/www.zerohedge.com\/energy\/germany-halts-nord-stream-2-major-sign-impending-russia-sanctions-will-be-tough\">Russia Warns Of &#8220;Brave New World&#8221; Of Higher Gas Prices After Germany Halts Nord Stream 2<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__t4rGu\">\n<div class=\"NodeContent_body__6iJOI NodeBody_container__hI8PI\">\n<p><em><strong>Update (0900ET):<\/strong><\/em>\u00a0Europe&#8217;s energy crisis deepened Tuesday as Germany halted the process of certifying the Nord Stream 2 natural gas pipeline. Putin&#8217;s right hand man, Dmitry Medvedev responded to German Chancellor Olaf Scholz&#8217;s comments about the certification of the controversial Russia-to-Germany natural gas pipeline that &#8216;can&#8217;t happen right now&#8217; by tweeting:<\/p>\n<blockquote><p><em>German Chancellor Olaf Scholz has issued an order to halt the process of certifying the Nord Stream 2 gas pipeline. Well.\u00a0<strong>Welcome to the brave new world where Europeans are very soon going to pay \u20ac2.000 for 1.000 cubic meters of natural gas!<\/strong><\/em><\/p><\/blockquote>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1496112456858574849&amp;lang=en&amp;origin=https%3A%2F%2Fwww.zerohedge.com%2Fenergy%2Fgermany-halts-nord-stream-2-major-sign-impending-russia-sanctions-will-be-tough&amp;sessionId=a9a75c6f69609e0e4fb6cff152f72a65f637368a&amp;siteScreenName=zerohedge&amp;theme=light&amp;widgetsVersion=2582c61%3A1645036219416&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1496112456858574849\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<div>\n<p>Based on Medvedev&#8217;s tweet, translating MWh to cubic meters, it appears gas prices for Europe could be headed back to crisis levels not seen since late 2021.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/unnamed_75.jpg?itok=bAmzD6PV\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/unnamed_75.jpg?itok=bAmzD6PV\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/unnamed_75.jpg?itok=bAmzD6PV\" alt=\"\" width=\"500\" height=\"303\" data-entity-type=\"file\" data-entity-uuid=\"5d11cc6b-453f-401a-9a94-a9d9c30a9766\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Europe is heavily reliant on Russia for its gas needs, and to block the Nord Stream 2&#8217;s certification will only create havoc in European energy markets.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2022-02-22_08-47-57.png?itok=odBFJTXh\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2022-02-22_08-47-57.png?itok=odBFJTXh\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2022-02-22_08-47-57.png?itok=odBFJTXh\" alt=\"\" width=\"500\" height=\"399\" data-entity-type=\"file\" data-entity-uuid=\"f223dc8d-b672-4669-9a72-c54bc8ba9911\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Europe&#8217;s ultra-low gas storage levels for this time of year will keep the market very tight even beyond the winter season.<\/p>\n<p>* * *<\/p>\n<p>At a moment the United States and Europe are busy mulling over what sanctions to impose on Moscow for Putin&#8217;s independence recognition for Ukraine&#8217;s separatist republics &#8211; on\u00a0the one hand wanting Russia to feel the pain as a warning against moving further into Ukraine (beyond what the Kremlin is dubbing &#8220;peacekeeping&#8221; troops in Donetsk and Luhansk, which entered the republics overnight),\u00a0and on the other wanting to avoid severe enough economic measures that would almost guarantee\u00a0immediate escalation &#8211; Germany on Tuesday has announced it\u00a0<strong>has halted the certification process for\u00a0the Nord Stream 2 pipeline<\/strong>.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Russia Warns Of &#8220;Brave New World&#8221; Of Higher Gas Prices After Germany Halts Nord Stream 2 Update (0900ET):\u00a0Europe&#8217;s energy crisis deepened Tuesday as Germany halted the process of certifying the Nord Stream 2 natural gas pipeline. Putin&#8217;s right hand man, Dmitry Medvedev responded to German Chancellor Olaf Scholz&#8217;s comments about the certification of the controversial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,5],"tags":[359,554,18975,694,805,821,4318],"class_list":["post-61969","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-germany","tag-natural-gas","tag-nord-stream-2","tag-russia","tag-trade","tag-ukraine","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61969"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61969\/revisions"}],"predecessor-version":[{"id":61970,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61969\/revisions\/61970"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}