Moscow state university, Public university in Moscow, Russia

Berlin, July 28 Natural gas deliveries from Russia to Germany via the Nord Stream 1 pipeline has been further reduced to 20 per cent of capacity, the pipeline operator said.Russian state-owned energy company Gazprom had announced the first reduction on Monday citing a missing turbine, reports Xinhua news agency.Apart from a 10-day shutdown for maintenance work earlier this month, gas flows through the strategically important pipeline had already been reduced to 40 per cent.Although the situation remains "tense and further deterioration cannot be ruled out", security of supply in Germany is currently assured, the country's Federal Network Agency (BNetzA) said on Wednesday.The latest reduction also affects the transfer of gas to other European countries, such as France and Austria.European gas TTF (Title Transfer Facility) futures were trading at around 227 euros ($230) per megawatt hour on Wednesday, three times the price before the start of the Russia-Ukraine war."Businesses and private consumers must prepare for significantly rising gas prices," the German network agency warned.Prices for energy products in Germany have been rising sharply and were up 38 per cent year-on-year in June, according to the Federal Statistical Office (Destatis).Heating oil prices more than doubled, while natural gas was around 61 per cent more expensive.Germany has allowed more coal-fired power generation as a result of reduced gas supplies and is discussing a halt to the country's nuclear phase-out. Continued operation of the remaining nuclear power plants beyond the end of the year could not be ruled out, according to Minister of Economic Affairs and Climate Action Robert Habeck.In order to prepare for the coming winter, the energy ministers of the European Union (EU) member states agreed on Tuesday on a voluntary 15 per cent reduction target for gas use from the average from 2017-2021 until the end of March 2023."We are doing everything we can to ensure that there is no gas shortage," Habeck said. "We have to save energy and find alternative sources."The EU decision has also made it possible to trigger a "Union alert" once security of supply reaches crisis levels. In this case, gas demand reduction would become mandatory.Member states that are not connected to the gas networks of other member states are exempt from mandatory gas reductions."We are now ready to address our energy security at European scale, as a Union," European Commission President Ursula von der Leyen said.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Moscow State UniversityFOLLOW

Moscow state university, Latest News

Amid the controversy surrounding the sentencing of an American basketball player in Russia, the Russian foreign minister Sergey Lavrov on Friday said Moscow is ready to discuss the exchange of prisoners with the US within the framework of the already ...

Moscow, Aug 2 Russian President Vladimir Putin said that there can be no winners in a nuclear war ... ...

New York, Aug 2 Politic from around the world have gathered in New York for the 10th Review ... ...

Moscow, July 31 The Russian Armed Forces will obtain Zircon hypersonic missile systems in the coming months, the ... ...

In a recent strike, a Ukrainian drone attacked the headquarters of the Russian Black Sea Fleet in Sevastopol, injuring five people, Governor of Sevastopol Mikhail Razvozhayev said. ...

London, July 29 Russia is losing the economic war with the West and its economy is in catastrophic ... ...

San Francisco, July 29 Tech giant Apple has announced that it now has over 860 million paid subscribers ... ...

Berlin, July 28 Natural gas deliveries from Russia to Germany via the Nord Stream 1 pipeline has been ... ...