(ZEROHEDGE) – After European nations imported the most gas from Russian sources yesterday in months, scrambling to stock up on supplies as Russian President Vladimir Putin's deadline to either pay for gas in rubles (or be cut off) came and went, Russian gas giant Gazprom has officially halted all deliveries to Europe via the Yamal-Europe pipeline, a critical artery for European energy supplies.
Instead of flowing toward Germany and the EU, gas supplies on Friday and Saturday started flowing in the opposite direction, according to Gascade, the network operator.
In recent months, the EU has already boosted imports of LNG from the U.S., and despite President Biden's promise to bolster to exports to the EU (although he stipulated that not all of this additional capacity would come from the U.S.), researchers at Goldman Sachs have already shown that US exports of LNG are already at capacity.
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