Russia delivered less gas to Europe on Wednesday as stand-off between Moscow and EU escalates
Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage ahead of the winter heating season.
The plan highlights fears that countries will be unable to meet goals to refill storage and keep their citizens warm during the winter months and the risk that Europe’s fragile economic growth may take another hit if gas will have to be rationed. Klaus Mueller, head of Germany’s network regulator, said the country could still avoid a gas shortage that would prompt its rationing.
German industry groups, however, warned companies may have no choice but cut production to achieve bigger savings, pointing to slow approval for switching from natural gas to other, more polluting fuels.
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