Europe races to prepare for energy crunch this winter

Euractiv | Sep 20, 2022 at 10:25 AM
  • Germany was pressing on Monday (19 September) to secure liquefied natural gas contracts with Gulf producers and other European states outlined measures to conserve energy.
  • The sharp drop supplies from Russia, which previously supplied about 40% of the European Union’s gas needs, has left governments scrambling to find alternative energy resources and has prompted fears of possible power cuts and a recession.
  • Although deliveries via the Nord Stream 1 gas pipeline have halted, Russian gas flows to Europe via Ukraine, although much reduced, have continued.