Hacker News Reader

"While price gouging Germany for gas" Huh?!? Price is settled somewhere in Netherlands, what Russia has to do with it?

They send very little gas (much less than agreed upon) through NS1 to send a message and try to force-open NS2, which leads to very high spot prices

Yeah the OPEC model. Except you can't end it by threatening to "nuke their ass and take their gas."

What is has to do with "price gouging"?

How this "message" of yours reach Netherlands?

Whatever is coming, price is defined in Netherlands, look for Dutch TTF futures.

It is like price of oil - Brent futures minus some discount

> which leads to very high spot prices

Russian gas itself is not traded on spot place(s). It is long term contract, but price follow dutch futures. How this "price gouging" is done, could you describe mechanism?

Less supply, higher supply volatility = higher prices, this is market 101.

There is no supply of gas from Gazprom to the Dutch FFT. None whatsoever. Never was. Never will be.

Reply on news.ycombinator.com