EU set to target 15 percent reduction in natural-gas use over Russian supply woes
Gas disruptions from Nord Stream 1 have hampered Europe's efforts to refill gas storage before winter
German gas network operator Gascade said on Wednesday it expects flows to resume at pre-maintenance levels based on current requests for gas. 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 Commission proposal would enable Brussels to make the target mandatory in a supply emergency, if the EU declared a substantial risk of severe gas shortages. EU states are trying to ensure storage facilities are 80 percent full by November 1, from about 65 percent now. European politicians say Russia is using technical issues as a pretext to cut deliveries. The Kremlin says Russia is a reliable energy supplier and blames sanctions for reduced flows.
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