EU Fully Replaced Undersupplied Russian Gas - Energy Commissioner
Fahad Shabbir (@FahadShabbir) Published November 23, 2022 | 09:37 PM
The European Union has completely substituted the entire shortage of Russian gas with liquefied natural gas (LNG) and pipeline gas from other sources, European Commissioner for Energy Kadri Simson said on Wednesday
MOSCOW (UrduPoint News / Sputnik - 23rd November, 2022) The European Union has completely substituted the entire shortage of Russian gas with liquefied natural gas (LNG) and pipeline gas from other sources, European Commissioner for Energy Kadri Simson said on Wednesday.
"We have replaced entirely the gas no longer delivered from Russia with LNG or additional pipeline gas from reliable sources," she said at a plenary sitting of the European Parliament.
In August, Russia stopped gas supplies to Europe via the Nord Stream pipeline, citing Germany's reluctance to return a gas turbine to Russia after its maintenance.
In late September, underwater blasts seriously damaged the pipelines of the Nord Stream network in the Baltic Sea, preventing any future supplies until the repair work is done.
Since then the European Union has been dealing with the consequences of shortages. On October 18, the Commission presented extra measures to combat high gas prices, including joint purchasing, a solidarity mechanism, an LNG price benchmark, increased energy saving efforts and temporary futures price restrictions.
On Tuesday, the Commission presented a Market Correction Mechanism to curb extreme gas price surges in the European Union.
Related Topics
Recent Stories
Azad Jammu Kashmir Prime Minister Chaudhry Anwar ul Haq condoles over the demise ..
Senior Army Commanders visit families of customs' martyrs to condole
Poland-Pakistan corporation established on solid foundations: Polish envoy
Chairman Senate passes ruling to constitute Special Committee of Upper House
Stocks fall as tech shares sink, US economy slows
Honda announces US$11 bn EV battery and vehicle plant in Canada
All AJK Inter-varsity Speech Competition urges UNO to ensure early grant of righ ..
AJK CEC calls on President Sultan Chaudhry
Assistant Secretary General of UNDP, Director of Regional Bureau for Asia & Paci ..
Portugal marks 50 years of democracy with far right on the rise
IHC suspends notification regarding cut in prices of 'naan & roti'
More Stories From Business
-
Stocks fall as tech shares sink, US economy slows
25 minutes ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
2 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
2 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
2 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
2 hours ago -
Zhao Shirin calls on Punjab Industries Minister
2 hours ago
-
CEO APM Terminals calls on Finance Minister
2 hours ago -
SACM visits GTVC checks attendance register
2 hours ago -
CEO APM Terminals meets Commerce Minister
2 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
3 hours ago -
Pakistan's total liquid foreign reserves reach $ 13.28 billion
3 hours ago -
RDA inflows rise to $7.660 bn in March 24
3 hours ago