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Russia cuts gas flows further as Europe makes savings plea

Russia cuts gas flows further as Europe makes savings plea

13 Sept 19:05 Key points summarised by AI
  • Russia further escalated the energy stand-off by cutting gas flows through the Nord Stream 1 pipeline to just 20% of its total capacity, making it more challenging and expensive for Europe to fill storage ahead of winter.
  • EU countries approved a weakened emergency plan to curb gas demand, aiming to mitigate the impact if Moscow completely halts supplies, despite compromises limiting cuts for some nations.
  • European officials, particularly in Germany, are urging significant gas savings from households and industries to avert rationing and potential recession, as Moscow blames technical issues and Brussels accuses Russia of weaponizing energy.
  • The reduced flows have caused European gas prices to surge, prompting Germany, Europe's largest importer of Russian gas, to consider extending the life of its remaining nuclear power plants to secure energy supplies.
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