New Russia gas halt tightens energy screws on Europe

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Russia halts gas supplies to Europe, claims maintenance is needed on Nord Stream 1 pipeline

Russia halted gas supplies via a major pipeline to Europe on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region’s richest countries.

European governments fear Moscow could extend the outage in retaliation for Western sanctions imposed on it after its invasion of Ukraine and have accused Russian President Vladimir Putin of using energy supplies as a “weapon of war.” Moscow denies doing this. Moscow, which slashed supply via Nord Stream 1 to 40 per cent of capacity in June and to 20 per cent in July, blames maintenance issues and sanctions it says prevent the return and installation of equipment.

German Economy Minister Robert Habeck, on a mission to replace Russian gas imports by mid-2024, earlier this month said Nord Stream was “fully operational” and there were no technical issues as claimed by Moscow. The reduced flows via Nord Stream have complicated efforts across Europe to fill up vital gas storage facilities, a key strategic goal to make it through the winter months, when governments fear Russia may halt flows altogether.

At 83.26 per cent, Germany is already within reach of an 85 per cent target for its national gas storage tanks by Oct. 1, but it has warned reaching 95 per cent by Nov. 1 would be a stretch unless companies and households drastically cut consumption.

 

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I would think that the editors of the Globe would welcome this development. After all, this will encourage the use of so-called “green” energy and help speed the transition away from fossil fuels. The fact that the economies of Europe will be destroyed is simply an added bonus.

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It's unfortunate but Europe did this to themselves.

Lol... turns out arming Nazis wasnt the best move

And Trudeau just told Germany to piss off. Wonderful leadership

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