European Commission: Russia’s lowering of gas flows a ‘rogue move’

Business & Finance
22 Jun 2022 • 6:08 PM MYT
Malay Mail
Malay Mail

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BRUSSELS, June 22 — Russian reductions of gas flows to Europe are “very rogue moves” a senior European Commission official said today, adding plans to step up coal use in the bloc would be temporary and climate goals remained intact.

“The unlawful invasion by Russia of Ukraine has resulted in an emergency situation in the EU,” Elina Bardram, acting director for International Affairs and Climate Finance at the European Commission, told the Africa Energy Forum in Brussels.

“With the very rogue moves we are observing from the Putin administration in terms of Gazprom lowering the flow very suddenly, we are doing some very important measures, but all of those measures are temporary”, she added, referring to coal use.

The EU and other developed economies have widened sanctions on Russia to include its oil and coal but have held off on banning gas imports.

However, gas prices have hit record highs as a slowdown in flows from Russia in recent days has deepened worries over supply in higher-demand winter months.

The Nord Stream 1 pipeline under the Baltic, a vital supply route to Germany, is working at just 40 per cent capacity. Moscow says Western sanctions are hindering repairs but Europe says this is a pretext to reduce flows.

“The EU’s 2030 and 2050 targets remain fully intact... while we may temporarily increase our use of coal, the long term direction is clear,” added Bardram, who headed the European Commission’s delegation to the 2015 Paris Climate talks. — Reuters