INSUBCONTINENT EXCLUSIVE:
decreased in capacity and amid maintenance work on the main pipeline to Germany (Nord Stream 1)
supplies but has approved another 500 million euros in arms to Ukraine, whereby a push towards a peace settlement may save the bloc a lot of
efforts to boost supplies are still falling short and the 27-member bloc needs stricter measures, such as restricting air conditioning
demand (during the current heatwave in Europe) and auctioning gas supplies to industry.Dr
Europe, which is at the epicenter of the energy market turmoil
supplies for political purposes
Commission will provide members with voluntary gas reduction targets by next week, according to a draft paper seen by media outlets, which
costly, facilitating solidarity and avoiding the need for unplanned and uncoordinated actions later in a possible crisis situation with gas
on their own and that Europe faces the real prospect of rationing its energy unless demand is restricted in order for storage facilities to
economic sanctions on Russia including hundreds of individuals, businesses, companies, entities, flights, and oil by the end of 2022, and In
march the bloc said it would reduce gas imports by two-thirds within a year, but there have been disagreements among EU members about
evidently heavily reliant on Russian gas, yet it has threatened Moscow and at the same time, appears to have shot itself in the foot with
its sanctions policy.An EU plan that was leaked last week recommended limiting central heating and cooling in buildings as well as the
exemption of coal power stations from its target of emissions reductions.One EU official has said talks are ongoing over what punitive
The continent imported a total of 155 billion cubic meters of gas from Russia in 2021 and consumes close to 400 billion cubic meters of gas
in total during a normal year.A new (leaked) EU gas plan, seen by some media outlets, issues a warning that continued cuts to Russian gas
between Russia and Europe, for what Russia says is planned maintenance that is due to end on 21 July
Russia had already significantly reduced the flows coming through Nord Stream in June, and it remains unclear whether they will resume and
work would take longer than ten days
Kremlin spokesperson, Dmitry Peskov, has rejected accusations that Russia would use its gas exports to put pressure on European
governments.Nevertheless, the IEA has offered thorough guidelines and steps to the EU on how to fill European gas storage to adequate levels
Government and public buildings should take the lead on this to set an example while campaigns should encourage behavioral changes among
Public awareness campaigns in the context of an energy crisis have been successful previously in reducing short-term energy demand by
gas export revenues in just the last five months is almost three times what it typically makes from exporting gas to Europe over an entire
required at such a delicate time
