"THE threat of winter gas cuts loomed over Europe yesterday as Russia and Ukraine failed to resolve a dispute that led Moscow to cut off gas supplies to its neighbour last week.
Despite assurances from the two countries that supplies to Europe would not be affected, three European Union states reported an immediate drop in pipeline pressure.
Poland, Hungary and Romania, which rely heavily on Russian gas delivered through pipelines that cross Ukraine, said that less gas than expected was being delivered.
Romania’s pipeline operator said supplies had fallen by 30-40%. And a spokesman for Hungary’s main energy company said: “Pressure started to decline on Friday. It’s declining continuously.”
The news prompted the EU, which gets a fifth of its gas from Russia via Ukraine, to summon a crisis meeting in Brussels tomorrow and demand that transit and supply contracts be honoured."
Have you bought your generator yet? Prices are bound to rise soon...
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