FRANKFURT, May 2 — Germany should already limit gas use, even though Russian supplies have so far continued, to prepare for the possibility of a future cut-off in retaliation for Western sanctions over Moscow’s invasion of Ukraine, energy research institute EWI said today. Russian energy giant...
FRANKFURT, May 2 — Germany should already limit gas use, even though Russian supplies have so far continued, to prepare for the possibility of a future cut-off in retaliation for Western sanctions over Moscow’s invasion of Ukraine, energy research institute EWI said today.
German utility Uniper, a major Russian gas customer whose next payment is due at the end of May, has said an EU embargo under consideration on Russian oil could prompt Russia to halt westward gas flows. Read full story EWI said if Moscow halted gas now, the EU region plus Britain and excluding Cyprus, Malta and Iberia, would have to cut demand by 459 terawatt hours in the summer. It would end up with empty storage facilities within one year.
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