|
|
|
Europe told to prepare immediately for Russia to turn off all gas exports
|
|
|
|
Top Stories |
 |
|
|
|
IANS | 22 Jun, 2022
Europe
needs to prepare "immediately" for Russia to turn off all gas exports
to the region this winter, according to the head of the International
Energy Agency, who has called on governments to work on reducing demand
and keeping nuclear power plants open.
Fatih Birol said
that the reductions in supplies in recent weeks the Kremlin has
attributed to maintenance work could, in fact, be the beginning of wider
cuts designed to prevent the filling of storage facilities in
preparation for winter, as Russia seeks to gain leverage over the
region, The Guardian reported.
"Europe should be ready in case
Russian gas is completely cut off," he said in an interview with the
Financial Times. "The nearer we are coming to winter, the more we
understand Russia's intentions."
"I believe the cuts are geared towards avoiding Europe filling storage, and increasing Russia's leverage in the winter months."
EU
countries are racing to refill storage sites, with Germany hoping to
reach 90 per cent of capacity by November. Its stores are only half
full, The Guardian reported.
Member states have also been working
to reduce their reliance on Russian fossil fuels, by sourcing gas from
other countries, including the US, and by speeding up the switch to
renewable energy, although officials have conceded that the race to
phase out Russian oil and gas would mean burning more coal and keeping
nuclear plants going.
Birol said emergency measures taken by
European governments to reduce energy demand had probably not gone far
enough, and urged countries to work on preserving energy supplies.
"I
believe there will be more and deeper demand measures as winter
approaches," Birol said. He added that gas supplies may need to be
rationed, if Russia were to further reduce gas exports.
Moscow
has reduced or even cut off gas deliveries to several EU countries in
recent weeks, in response to their decision to impose sanctions on the
Kremlin over its invasion of Ukraine.
Russian gas supplies to
Europe received through the Nord Stream 1 pipeline - which runs under
the Baltic Sea to Germany - have been falling, The Guardian reported.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
Japanese
Yen |
55.05 |
53.40 |
As on 12 Oct, 2024 |
|
|
Daily Poll |
 |
 |
Do you think Indian businesses will be negatively affected by Trump's America First Policy? |
|
|
|
|
|
Commented Stories |
 |
|
|
|
|
|
|
|