EU countries compromise on gas cuts amid further Russian reductions – National

European Union countries approved a weakened emergency plan to curb their gas demand on Tuesday, after striking compromise deals to reduce the cuts for some countries, as they brace for further Russian reductions in supply.

Europe faces an increased gas squeeze from Wednesday, when Russian’s Gazprom GAZP.MM has said it would cut flows through the Nord Stream 1 pipeline to Germany to a fifth of capacity.

Read more:

EU proposes reducing gas use by 15% as threat of Russian cutoff looms

With a dozen EU countries already facing reduced Russian supplies, Brussels is urging member states to prepare by saving gas and storing it for winter for fear Russia will completely cut off flows in retaliation for Western sanctions over its war with Ukraine.

Energy ministers approved a proposal for all EU countries to voluntarily cut gas use by 15% from August to March.

Story continues below advertisement

The cuts could be made binding in a supply emergency, but countries agreed to exempt numerous countries and industries, after some governments had resisted the EU’s original proposal to impose a binding 15% cut on every country.

German Economy Minister Robert Habeck said the agreement would show Russian President Vladimir Putin that Europe remained united in the face of Moscow’s latest gas cuts.

“You will not split us,” Habeck said.

Hungary was the only country that opposed the deal, two EU officials said.

Russia’s Gazprom has blamed its latest reduction on needing to halt the operation of a turbine – a reason dismissed by EU energy chief Kadri Simson, who called the move “politically motivated”.

Story continues below advertisement

Click to play video: 'Ottawa considering two options to cut oil, gas emissions'

Ottawa considering two options to cut oil, gas emissions

Ottawa considering two options to cut oil, gas emissions – Jul 18, 2022


Source link

Denial of responsibility! Planetcirculate is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.