Energy

EU asks member states to ration energy as Putin tightens grip on gas supplies

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Ursula von der Leyen, president of the European Commission, said that it is likely that Russia will end its gas supplies to Europe.

Bloomberg | Bloomberg | Getty Images

European countries are being asked to curb their consumption of natural gas by at least 15% until next spring, as part of a wider plan to deal with reduced supplies from Russia.

The European Commission, the executive arm of the EU, on Wednesday presented a strategy on how countries can prepare for the winter period, when their energy needs are much higher.

The plan comes as Russia’s energy giant, Gazprom, claims it cannot fulfill gas contracts with the bloc — a major headache for European nations given they have been so…



Source cnbc.com

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