German gas prices could triple as Russia reduces supply, expert says

Fears consumers may have to pay up to three times as much after Nord Stream 1 pipeline flow cut by 40%

German consumers could face a tripling of gas prices in the coming months after Russia’s throttling of deliveries to Europe, a senior energy official has said.

Moscow reduced the flow of gas through the Nord Stream 1 pipeline by 40% last week, citing technical reasons that Berlin dismisses as a pretext, prompting a four to six-fold rise in market prices, said the head of Germany’s federal network agency, Klaus Müller.

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