RUSSIA'S

Russia’s Gazprom reported that domestic gas storage is nearly full, a stark contrast to the rest of Europe, where countries are scrambling to stock up on energy before winter arrives.

According to Reuters, Russia’s state-owned energy producer stated that storage was 91.4% full as of August 24.

Meanwhile, European Union nations are facing a crisis as a result of Russia’s war in Ukraine, which has hampered energy supplies.

According to Energy Monitor data, Europe’s gas storage sites are at 67% of their maximum capacity, up from last year but still short of ensuring adequate supply if Russia completely shuts down energy imports.

Russia plans to halt gas flows through the critical Nord Stream 1 pipeline for three days to perform unplanned maintenance, the latest move threatening European supply. It had already reduced gas supplies through the key pipeline to 20% capacity.

As a result, several European countries have been forced to develop emergency plans, which include organised blackouts, rationing, and even the use of carbon-intensive fossil fuels like coal to generate electricity.

Germany, which is in the grip of a crippling energy crisis, recently restarted a dormant coal-fired power plant due to a lack of gas supplies, while France temporarily waived an environmental rule to allow nuclear power plants to continue operating.

Other countries, such as the Netherlands, have been unable to find an alternative source of gas to replace Russian imports contracted through Gazprom.

According to Reuters, the Dutch city of Hague will request a temporary exemption from EU sanctions against Russia, which include a prohibition on any transactions with Russian state-owned companies.


Don’t forget to follow us on Facebook Instagram Twitter LinkedIn to get the latest updates from Cape Town Tribune

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up for Our Newsletters

Get notified of the best deals on our WordPress themes.

You May Also Like

China Is Making The Yuan More International By Opening Up Its Bond Market, But The Currency Is Facing A Major Test, According To Economists

China’s gradual opening of its bond market has aided the yuan’s global…

A Malawian Court To Decide On SA Witnesses In Shepherd Bushiri Extradition Hearing

The Lilongwe Magistrate Court has ordered that South African witnesses in the…

Policing Can Be Improved, But Residents In Limpopo Should Avoid Resorting To Mob Justice, According To The Police Ministry

The police ministry has admitted that its efforts to combat crime are…

Rent Is Rising Across South Africa, But Bargains Can Still Be Found In Gauteng

Rental costs in South Africa increased across the board in the second…