European companies face an energy dilemma. A squeeze in the natural gas market has pushed prices above 90 euros per megawatt hour, five times their level in April. Prudent industrial users have good reasons to plan for higher long-term bills, says gfhay
President Vladimir Putin said on Oct. 13 that Russia was not using gas as a weapon and was ready to help ease Europe's energy crunch.
He dismissed any idea that Russia was using energy as a weapon:"This is just politically motivated chatter, which has no basis whatsoever."
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