Russia’s Gazprom Reduces Gas Flows To Europe Via Ukraine

Gazprom is reducing pipeline gas transit flows to Europe via Ukraine for a second consecutive day on Friday, the Russian gas giant said in a statement carried by Bloomberg. Russia still sends some gas via pipelines to Europe, via one transit route through Ukraine and via TurkStream. Gazprom did not give a reason for the reduced flows via Ukraine. According to analysts, the lower pipeline flows were the result of lower demand for gas under long-term contracts, considering the milder weather in parts of Europe and the fact that spot supply is currently…