London fears reduction in Russian gas supplies to Europe – media

The Times, a daily newspaper in the UK, has released an article saying that authorities in the Kingdom fear that Russia may allegedly use its natural resources as a “weapon” and will cut gas supplies to Europe in response to the West imposing sanctions over the “escalation in Ukraine” The Kremlin has repeatedly denied plans […]

London fears reduction in Russian gas supplies to Europe – media

The Times, a daily newspaper in the UK, has released an article saying that authorities in the Kingdom fear that Russia may allegedly use its natural resources as a “weapon” and will cut gas supplies to Europe in response to the West imposing sanctions over the “escalation in Ukraine”

The Kremlin has repeatedly denied plans attributed to Russia by the West to escalate the situation around Ukraine and continues to stress that Moscow does not threaten anyone.

According to the newspaper, British government ministers earlier attended a meeting which considered the impact of a possible reduction in Russian gas supplies. Ministers were warned that the country could face “record” gas and petrol prices.

“Unlike a number of countries, the UK imports almost no Russian gas. But, like all countries, we are exposed to the risk of rising wholesale prices, which would be a serious problem if Russia further restricts supplies”,, –  an unnamed senior official told the publication.

It is true that other European countries are more dependent on Russian gas than Britain is: about 40 percent of Germany’s supply comes from Russia, while Sweden and Finland are “almost totally dependent” on Russian gas. Britain, on the other hand, received less than 3% of its gas from Russia in 2020, a British government spokesman told the newspaper.

“The current energy situation has to do with high global gas prices, not with the issue of security of supply”, –  he said.

Experts attribute Europe’s recent rise in gas prices to several factors: the low level of occupancy of European underground storage facilities (after a prolonged cold winter and hot summer), supply constraints from major suppliers and high demand for liquefied natural gas in Asia

London fears reduction in Russian gas supplies to Europe – media