Europe Gas Crisis: Amidst the scorching heat, there will be chaos in Europe, the Russian company Gazprom has reduced the supply by 80 percent
Europe Gas Crisis: Europe is currently scorching with scorching heat, due to which the demand for energy has reached the highest level ever. Meanwhile, Europe is getting a double whammy due to the stoppage of gas supply from Russia. On the one hand, gas shortage in Europe is increasing, while gas prices have also reached record levels.
Russian energy company Gazprom said today that the amount of gas it sends to Europe is being cut. Under this, the supply of natural gas through the Nord Stream 1 pipeline to Europe has been reduced to 20 percent of total capacity.
Russia told this reason
Russia has blamed technical glitches for the volume cuts, while Germany has called the incident a political move to create uncertainty and push up prices amid the war in Ukraine. Russian public sector energy company Gazprom said on Monday it would reduce gas flow through the Nord Stream 1 pipeline due to equipment repairs. This pipeline goes to Germany.
Germany’s growing troubles
Germany has raised concerns that Russia may cut off the gas altogether. This gas is used with the power industry to generate electricity and keep homes warm. At the same time, Russia says that a compressor station requires the maintenance of the turbine. Therefore the flow of gas volume through Nord Stream1 has been reduced.
Russia is blackmailing
Czechoslovakia’s Minister of Industry and Trade Józef ikela says all EU member states will have to agree to reduce Russian gas consumption. He said that the Russian President is playing his dirty game to blackmail Europe in the name of gas. Let us tell you that Europe needs Russian gas to keep its homes and offices warm.
Will gas prices in India also blow?
Gas prices may soon give a blow to the general public, who is facing the impact of inflation. The country’s largest private petroleum company Reliance Industries Limited expects natural gas prices in the country to rise again in October. However, at the same time, the company is also in favor of removing the ceiling on prices. The company’s senior vice president (exploration and production) Sanjay Roy said in an investor discussion after the announcement of the quarterly results that the price cap for gas produced from the KG-D6 basin should exceed the current level of $9.92 per million British thermal units (mmBtu). Will go
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