Gazprom Warns of Rising EU Gas Volatility Amidst Deindustrialization Fears

Gazprom CEO Alexei Miller has issued a stark warning about the future of the European gas market. Speaking at the St. Petersburg International Gas Forum, Miller highlighted the rising volatility in gas prices and the possibility of new price shocks and supply disruptions. He attributed these risks to Europe's ongoing "deindustrialization," a result of high energy prices that make European industries less competitive compared to global counterparts. According to Miller, gas demand in the EU and the UK dropped by 11 billion cubic meters in the first…