‘Our product, our rules’: Russia sends alarm bells ringing over Europe’s winter gas supplies
2022-06-18 08:57:43 source：CNBC
June 17, 2022
LONDON — An ominous warning from Russia’s state-backed energy giant Gazprom has stoked fears of another turbulent winter for European gas supplies.
As a pre-summer heatwave hits Western Europe this week, policymakers in the region are scrambling to fill underground storage with natural gas supplies to provide households with enough fuel to keep the lights on and homes warm before the cold returns.
Fears of a severe winter gas shortage are driven by the risk of a full supply disruption to the EU — which receives roughly 40% of its gas via Russian pipelines. The bloc is trying to rapidly reduce its reliance on Russian hydrocarbons in response to the Kremlin’s nearly four-month-long onslaught in Ukraine.
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