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EU tells members to cut gas usage amid new Putin warning

EU tells members to cut gas usage amid new Putin warning
# 20 July 2022 21:48 (UTC +04:00)

The European Union told member states on Wednesday to cut gas usage by 15% until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be reduced further and might even stop, APA reports citing Reuters.

Deliveries via Nord Stream 1, which accounts for more than a third of Russian gas exports to the EU, are due to resume on Thursday after a 10-day halt for annual maintenance.

German gas network operator Gascade said on Wednesday it expects flows to resume at pre-maintenance levels based on current requests for gas.

On July 10, the last full day before maintenance on the pipeline started, flows stood at around 698 GWh.

Supplies via the route had been reduced even before the maintenance outage in a dispute over sanctions, and may now be cut further, while flows via other routes, such as Ukraine, have also fallen since Russia invaded its neighbour in February.

The disruptions have hampered Europe's efforts to refill gas storage before winter, raising the risk of rationing and another hit to fragile economic growth if Moscow further restricts flows in retaliation for Western sanctions over the war in Ukraine.

The European Commission proposed a voluntary target for all EU states to cut gas use by 15% from August to March, compared with their average consumption in the same period in 2016-2021.

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