MOSCOW - Gazprom PJSC will use part of its Nord Stream 2 gas pipeline infrastructure to serve clients at home after the contentious supply link with Germany was put on hold amid Russia's invasion of Ukraine.
Gazprom's plan comes as Europe doubles down on efforts to wean itself off Russian supplies, which last year accounted for roughly 40 per cent of all gas consumed on the continent. The continent's urgency in reducing dependence on Russian deliveries was heightened last week when Russia cut off pipeline-gas shipments to Poland and Bulgaria, which refused to comply with the Kremlin's demand for payment in roubles. The European Union has said such payments breach sanctions, but several countries are yet to decide whether they can find a way to avoid getting cut off.
Nord Stream 2, set to carry as much as 55 billion cubic metres of Russian gas per year to Germany across the Baltic Sea, was ready to start full-scale deliveries in December despite US sanctions. Approval from the German energy regulator and EU officials were the last hurdles for the project.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Commentary: Weaponising natural gas in Europe could backfire on RussiaGas supply disruptions will undoubtedly inflict pain on European consumers, but Russian President Vladimir Putin's tactics in the Ukraine war might ultimately accelerate European Union countries’ efforts to shift to renewable energy, says this professor. Same US and Us led West is Weaponiizng their Currency and Financial Systems...Everythings got the consequences but Russia and US are at War So these weaponization is normal... and sanctions have no effect on a communist government, but only hurt the common people...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US relieved as China appears to heed warnings on RussiaWASHINGTON — Two months after warning that Beijing appeared poised to help Russia in its fight against Ukraine, senior United States (US) officials say they have not detected overt Chinese military and economic support, a welcome development in the tense US-China relationship.
Source: TODAYonline - 🏆 1. / 99 Read more »
Russia to boycott UN Security Council meeting with EU committee
Source: STForeignDesk - 🏆 4. / 71 Read more »
Russia seeks to annex occupied Ukraine as invasion goals shift
Source: STForeignDesk - 🏆 4. / 71 Read more »
Ukrainian prosecutor says Russia uses rape as a war tactic, calls Putin a war criminalIRPIN: Ukraine\u0027s prosecutor general accused Russia on Tuesday (May 3) of using rape as a tactic of war and described Russian President Vladimir Putin as \u0022the main war criminal of the 21st century\u0022. Russia has previously denied targeting civilians and has rejected allegations that its forces have committed This is one of the meaning of war bcz everything is fair in love and war. Strange how nobody thought this was important when Red Army raped and killed thousands of German women in East Prussia.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
EU's Borrell says new Russia sanctions to hit oil, cut more banks from SWIFT
Source: STForeignDesk - 🏆 4. / 71 Read more »