Russia cuts gas capacity to Europe to a fifth of normal supplies, sending prices soaring and EU nations agreeing to voluntary rationing
Russia has cut down supplies of gas via the Nord Stream 1 pipeline to Germany to a fifth of its usual capacity.
Gazprom, Russia’s state run energy and gas firm, has blamed the current reduction on a turbine that was undergoing repairs in Canada.
But the German government has said there’s no technical reason for the current supplies to be limited.
It comes as the European Union member states agreed to voluntary rationing of gas supplies – aiming for a 15 per cent reduction in gas usage between August and March next year.
But the agreements have been messy, with many exemptions being granted for several EU nations where a 15 per cent reduction is not feasible.
Moscow says that the recent spike in gas prices is down to Western sanctions, and that it’s not responsible for the price hike – insisting it is a reliable business partner when it comes to gas.
But critics of Moscow say that it’s using blackmail, holding supplies of gas hostage as a weapon of war.
