Bracing for Russian gas cuts, EU readies plan to cut demand
The European Union will set out emergency plans on Wednesday to reduce gas demand within months, warning countries that without deep cuts now they could struggle for fuel during winter if Russia cuts off deliveries. Europe is racing to fill its gas storage ahead of winter and build a supply buffer in case Moscow further restricts supplies in retaliation for European support for Ukraine in its war with Russia. Russia’s Gazprom has already halted deliveries to some EU states. EU officials said the target would be for a 10-15% cut in gas use.
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