Europe worries it won't have enough gas stored to weather winter. russia ukraine naturalgas
Supplies via Nord Stream 1, which runs under the Baltic Sea to Germany, were halted for maintenance on July 11 but, even before that outage, flows had been cut to 40 per cent of the pipeline’s capacity in a dispute sparked by Russia’s invasion of Ukraine.
“In view of the missing 60 per cent and the political instability, there is no reason yet to give the all-clear,” German network regulator president Klaus Mueller wrote on Twitter.Article content The EU aims to have gas storage facilities across the bloc 80 per cent full by Nov. 1. Inventories are now about two-thirds full, with a slowing pace of refilling.
Gazprom, which has a monopoly on Russian gas exports by pipeline, did not respond to a request for comment.To try to prevent a winter supply crunch, the European Commission has proposed a voluntary target for all EU states to cut gas use by 15 per cent from August to March compared to usage in same period of 2016-2021. The Commission proposal would enable Brussels to make the target mandatory in a supply emergency.
The Kremlin, which says Russia is a reliable energy supplier, blamed sanctions for reduced flows and denied Von der Leyen’s accusations of blackmail. “This is an absolutely wrong statement,” spokesman Dmitry Peskov said on Thursday.
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