Saturday, September 24 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Sep 19
Week of Sep 12
Week of Sep 05
Week of Aug 29
Week of Aug 22
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Russia reduces natural gas supplies to the EU to 20% of capacity


    July 29, 2022 - CE Noticias Financieras

     

      The Russian company Gazprom cut by half the supply of natural gas through the Nord Stream 1 pipeline on Wednesday, 27, reducing to 20% of maximum capacity the volume of gas delivered to the European bloc countries.

      The reduction had been announced by the Russian state-owned company on Monday, 25, on the grounds of technical problems but Western countries accuse the measure of a political retaliation by Russia to sow uncertainty and raise prices amid the war in Ukraine.

      Data from the Nord Stream website and the head of Germany's energy grid regulator, Klaus Mueller, confirmed the reduction Wednesday morning. "Gas is now part of Russian foreign policy and possibly Russian war strategy," Mueller told Deutschlandfunk radio.

      Fears of an energy shortage have led the European Union to approve a reduction in natural gas use to protect against further cuts. The bill calls for 15 percent savings in consumption between August and March through voluntary measures adopted by countries, and if the target is not met, mandatory cuts may be authorized.

      Natural gas prices have risen to the highest levels since the beginning of March. The fuel serves a strategic purpose in Europe, used to supply industry, generate electricity, and heat homes in winter.

      Rising energy prices are fueling inflation, further squeezing people's purchasing power, and raising concerns that Europe could plunge into recession if it doesn't save enough gas to get through the cold months.

      (Estadão Conteúdo)

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.