Putin cuts gas supply to Germany

Investment Analysis Clubs Macro Economic Trends and Risks
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… to 20% - rather ungrateful given German pols fell over backwards to get them this turbine back from maintenance in Canada, despite sanctions. Take one excuse away, Putin comes up with a new one. On the current trajectory, Winter will be tough in Europe:

MOSCOW, July 25 (Reuters) - Russia tightened its gas squeeze on Europe on Monday as Gazprom (GAZP.MM) said supplies through the Nord Stream 1 pipeline to Germany would drop to just 20% of capacity.

Gazprom said flows would fall to 33 million cubic metres per day from 0400 GMT on Wednesday - a halving of the current, already reduced level - because it needed to halt the operation of a Siemens gas turbine at a compressor station on instructions from an industry watchdog. …

https://www.reuters.com/business/energy/kremlin-nord-stream-…

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rather ungrateful given German pols fell over backwards to get them this turbine back from maintenance in Canada

Germans are still sending equipment to kill Russians. Germans will be begging by January.

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The idea is to squeeze central Europe between east and west to destabilize Germany. It wont work but the fascist minority in Germany will be out in force making craps of themselves.

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On an macro/investment related note, keep an eye on BASF. It is a world wide chemical company which is currently historically undervalued. The caveat/warning, their biggest plant is totally dependent on Russian gas.

JLC

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