OGZPY - Russia to cut off gas to Bulgaria White House concerned about Iranian nuke

Several energy policy headlines crossed the tape Tuesday afternoon in the US, with Russia announcing plans to cut gas supply to Bulgaria and the White House showing concern Iran could develop a nuclear weapon within weeks. The news followed updates earlier in the day that indicated Russia had cut off natural gas flows to Poland. And reports a blizzard in North Dakota reduced production by ~600kb/d (USO) (XLE).  In Bulgaria, the Energy Minister indicated Gazprom (OTCPK:OGZPY) plans to end Russian natural gas export flows by Wednesday. A similar announcement from Poland earlier in the day sent European natural gas prices soaring. The export embargo appeared to stem from Poland's refusal to pay for natural gas in Russian rubles. The Bulgaria update presumably relates to currency payments; however, it's unclear if the embargo is restricted to Bulgarian domestic supply, or transport through the country. Bulgaria is home to the TurkStream natural gas

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Russia to cut off gas to Bulgaria, White House concerned about Iranian nuke