The Netherlands and Denmark triggered emergency energy plans on Monday as Germany, Italy, the Netherlands, and Austria signaled a shift to coal as an emergency fuel as plans to ration natural gas are being put together. This is in response to Russia cutting off half of the natural gas supplies to Europe.
Citing an equipment hold-up in Canada as a result of sanctions over the Ukraine war, Russia’s state gas giant Gazprom cut natural-gas supplies via the Nord Stream pipeline to Germany, according to a report by Business Insider.
German economy minister Robert Habeck and Italian Prime Minister Mario Draghi said last week Gazprom’s move was politically motivated, but Moscow insists it’s technical. “We have gas, it is ready to be delivered, but the Europeans must give back the equipment, which should be repaired under their obligations,” said Kremlin spokesman Dmitry Peskov on Monday, Reuters reported.
The European Union relies on Russia for roughly 40% of its natural gas and, despite lining up a ban on imports of oil and coal, it has not made any decisions to limit gas purchases. But they are admitting to being in “emergency mode” for the upcoming winter.