Kremlin Spokesman Assures Markets Nord Stream 2 Will Stabilize Natural Gas Price

The Kremlin today said that a rapid start-up of the controversial Nord Stream 2 pipeline would help to correct sky-high gas prices across Europe amid a squeeze in supply. Spokesman Dmitry Peskov said: “Undoubtedly, the quickest launch of Nord Stream 2 would significantly balance out the pricing parameters of natural gas in Europe, including on the spot market. That’s obvious. The demand is high.” His comments came as a record run in energy prices pushed electricity costs to multi-year highs, raising the prospect of an expensive…