The just-finished pipeline from Russia will alleviate the short supplies in Europe......
.......Until Putin starts to turn the screws.
In fact the current problems with the EU supply are the result of Polish and Ukrainian influence.
They tried to outlaw the long-term contracts with pre-determined prices between the Euro-entities and Russia’s Gazprom, and managed to put the legal limits allowing Gazprom to use no more than 50% of its transit capacity, the rest reserved for “alternative suppliers” that don’t exist.
It is no surprise that prices skyrocketed to the all-time highs of $800 per tcm on the lack of supply.
The Germans are pretty much relaxed with their fixed contract for $270/tcm and Nordstream II about to get operational.
That explains Ukraine desperately lobbying to maintain gas transit over its territory.
They couldn’t pay $55 at the time, $800 is absolutely impossible for their economy, although 100% deserved and self-inflicted.
They want to steal German-bound gas from the pipeline not to freeze to death in winter.
Of course it could happen, but we should be fair and acknowledge that neither the USSR nor the modern Russian Federation has ever used gas supplies for leverage. The gas has always flowed. (The exception being when Ukraine was actually stealing gas, and the Russians turned it off to stop them).