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File photo of a gas hob Stefan Rousseau/PA Wire/PA Images

EU ready if Russia turns off gas supplies, Commissioner says

“We are not afraid of Putin’s decisions,” Paolo Gentiloni said.

EU ECONOMY COMMISSIONER Paolo Gentiloni said today that the European Union is “well prepared” in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures.

“We are well prepared to resist Russia’s extreme use of the gas weapon,” he told reporters on the sidelines of an economic forum organised by The European House – Ambrosetti.

“We are not afraid of Putin’s decisions, we are asking the Russians to respect contracts, but if they don’t, we are ready to react,” he said.

Russian gas giant Gazprom said on Friday that the Nord Stream pipeline linking Russia to northern Germany, which was due to resume service on Saturday after a three-day interruption for maintenance operations, would be “completely” stopped until a turbine is repaired.

Moscow was reacting to a decision announced yesterday by the G7 countries to target Russia’s energy windfall by agreeing to cap the price of its oil.

Ceiling on price

European Commission chief Ursula von der Leyen said on Friday that “it would be time” to put a ceiling on the price of gas imported via the pipeline from Russia, backing a measure advocated by Italian Prime Minister Mario Draghi.

In the European Union, “gas storage is currently at about 80%, thanks to the diversification of supplies”, even if the situation varies from one country to another, Gentiloni said.

He said Brussels had “done a lot in recent months” but “today it is possible to do more”.

The aim is to “pursue the strategy of a united Europe that works against the invasion of Ukraine using economic weapons”, he explained.

“We are not participating in the war, we are not participating in the military escalation,” he said.

“We are supporting Ukraine. We have to do it now more effectively.”

© AFP 2022 

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    Mute Pokey2013
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    Jun 9th 2014, 8:34 AM

    Good for her! This really is a no brainer as an industry for the west of Ireland.

    142
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    Mute Ciaran Farrell
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    Jun 9th 2014, 10:07 AM

    It should be but this government through an uduras na gaeltachta company called arramara are trying to corner the market from erris hd to loop hd by applying for a license which would stop cottage industries from cutting seaweed in west mayo, Galway and Clare thus giving a monopoly. At the same time they are negotiating the sale of arramara teo to a private Canadian company. Think they’re holding out for a suitable price. 30 pieces of silver perhaps?Absolute disgrace and the deal being done quietly. This will shut down countless cottage industries and is getting little or no coverage.

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    Mute Hallie Burton
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    Jun 9th 2014, 10:13 AM

    Another scam being played out on us Ciaran.

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    Mute Ciaran Farrell
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    Jun 9th 2014, 10:52 AM

    It is indeed. The worst part of it is that in many villages on our western seaboard there are so few opportunities to ” turn a pound” that this will be devastating and nobody is shouting stop ( or at least nobody with influence on kildare st.). This is Minister Ring’s heartland yet he is strangely quiet for a lad who loved the soapbox when in opposition.

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    Mute Thors Big Hammer
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    Jun 9th 2014, 8:42 AM

    Fair play to this woman and her drive to to be successful.

    42
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    Mute Brendan Harlowe
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    Jun 9th 2014, 12:14 PM

    I think she flew in actually .

    10
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    Mute Ben Gunn
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    Jun 9th 2014, 8:55 AM

    It is not an either/or choice. To grow your business all markets should be explored. The Irish home market is tiny and many of our indigenous industries would simply fold without overseas sales.

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    Mute Aaron
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    Jun 9th 2014, 9:14 AM

    Why would/should any business limit themselves to a single market?

    27
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    Mute Dee4
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    Jun 9th 2014, 9:14 AM

    well done to the lady, there are increasing warnings not to consume anything from the Pacific. Japan and even the West Coast of the US should be great markets for her

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    Mute Hallie Burton
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    Jun 9th 2014, 10:12 AM

    We don’t eat enough of it ourselves.

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    Mute Hallie Burton
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    Jun 9th 2014, 10:38 AM

    Maybe someone could tell us where ‘sea vegetables’ are on sale in locally? I can get dried product in the Asia Market in Drury Street and very nice it is too. Try this site for lots of info http://www.seaweed.ie/uses_ireland/irishseaweedfood.php

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    Mute Michelle Blessing
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    Jun 9th 2014, 11:54 AM

    What a shame we are exporting to a country that carries out horrific atrocities against dolphins and whales in Taiji.

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    Mute Frank
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    Jun 9th 2014, 8:36 AM

    Japan still has a market for glow in the dark seaweed.

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    Mute J. Dunn
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    Jun 9th 2014, 9:37 AM

    Do you have a link for that, Frank?

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    Mute Frank
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    Jun 9th 2014, 10:46 AM
    3
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