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Home » EU READY IF RUSSIA HALTS GAS SUPPLIES SAYS OFFICIAL

EU READY IF RUSSIA HALTS GAS SUPPLIES SAYS OFFICIAL

by Queen

The European Union (EU) Economy Commissioner, Paolo Gentiloni, said Saturday that the European Union was “well prepared” in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures.

While speaking to newsmen on the side-lines of an economic forum organized by The European House, Gentiloni noted that EU is well prepared to resist Russia’s extreme use of the gas weapon.

Gentiloni also added that in the European Union, “gas storage is currently at about 80 per cent, thanks to the diversification of supplies,” even if the situation varies from one country to another.

Also speaking, European Commission chief, Ursula von der Leyen, said “it would be time” to put a ceiling on the price of gas imported via the pipeline from Russia, backing a measure advocated by Italian Prime Minister, Mario Draghi.

Russian gas giant, Gazprom, added that the Nord Stream pipeline linking Russia to northern Germany, which was due to resume service Saturday after a three-day interruption for maintenance operations, would be “completely” stopped until a turbine is repaired.

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