WATCH: How to Price the Risk of Russia’s Tightening Grip on Gas Russia again tightened its grip on Europe’s natural gas supply, rejecting an offer from Ukraine to book more transit capacity to compensate for reduced flows through a key pipeline to Germany. Russia’s Gazprom PJSC opted not to reserve extra space to ship gas to Europe through Ukrainian pipelines for July at an auction on Monday, booking results show. It’s another sign that supplies from Moscow may remain curbed for longer after the nation cut fuel shipments through the Nord Stream pipeline, its biggest gas route to the European Union , to just 40% of its capacity. The squeeze caused gas prices to surge, adding pressure to EU member states already battling with surging inflation. Germany has called Russia’s supply cuts “politically motivated” and not due to technical issues, as Gazprom stated. Gas supply next month could be […]