EU nears deal to ration gas amid Russian cut-off fears

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>European Union governments have neared an agreement on rationing natural gas this winter to protect against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine&period;<&sol;p>&NewLine;<p>EU energy ministers deliberated over a draft European law that would require member states to cut demand for natural gas by 15&percnt; from August through to March&period;<&sol;p>&NewLine;<p>This would entail voluntary steps to reduce gas consumption and&comma; if they yield insufficient savings&comma; a trigger to impose mandatory moves across the 27-nation bloc&period;<&sol;p>&NewLine;<p>On Monday&comma; Russian energy giant Gazprom said it would limit supplies to the EU through the Nord Stream 1 pipeline to 20&percnt; of capacity&comma; heightening concerns that Russian President Vladimir Putin will use gas trade to challenge the bloc’s opposition to the war in Ukraine&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The winter is coming and we don’t know how cold it will be&comma;” said Czech industry minister Jozef Sikela&comma; whose policy portfolio includes energy&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;But what we know for sure is that Putin will continue to play his dirty games in misusing and blackmailing by gas supplies&period;”<&sol;p>&NewLine;<p>The European Commission&comma; the EU’s executive arm&comma; is pressing the ministers to reach an agreement less than a week after rushing out the rationing proposal&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We have to be ready for the possible supply cuts from Russia at any moment&comma;” said European energy commissioner Kadri Simson&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We have to act right now&period;”<&sol;p>&NewLine;<p>Since Russia invaded Ukraine in February and the West protested with economic sanctions&comma; 12 EU countries have faced halts to&comma; or reductions in&comma; Russian gas deliveries&period;<&sol;p>&NewLine;<p>Although it has agreed to embargo oil and coal from Russia starting later this year&comma; the EU has refrained from imposing sanctions on Russian natural gas because Germany&comma; Italy and some other member states rely heavily on these imports<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;174911" aria-describedby&equals;"caption-attachment-174911" style&equals;"width&colon; 778px" class&equals;"wp-caption alignnone"><img class&equals;"size-full wp-image-174911" src&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2022&sol;07&sol;BF9530AC-D51E-4FC6-B2E6-E1EA1E1EA3DF&period;jpeg" alt&equals;"" width&equals;"778" height&equals;"528" &sol;><figcaption id&equals;"caption-attachment-174911" class&equals;"wp-caption-text">The Nord Stream 1 Baltic Sea pipeline and the transfer station of the OPAL gas pipeline&comma; the Baltic Sea Pipeline Link&comma; in Lubmin&comma; Germany<&sol;figcaption><&sol;figure>&NewLine;<p>The disruptions in Russian energy trade with the EU are stoking inflation that is already at record levels in Europe and threatening to trigger a recession in the bloc just as it was recovering from a pandemic-induced slump&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ecf0cbb36df">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; 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