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Energy Crisis in Europe
Europe is bracing for tough winter as US-led push to “punish” Moscow for its military operation in Ukraine backfired on the EU, which has faced months of skyrocketing energy prices and rising inflation after Brussels joined Washington in attempting to “phase out” Russian oil, coal and gas.

Level of European Gas Reserves Falls Below 75%, Operators Report

© Sputnik / Alexey Vitvitsky / Go to the mediabankGas pipeline
Gas pipeline - Sputnik International, 1920, 29.01.2023
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MOSCOW (Sputnik) - The amount of gas reserves in Europe’s underground storage facilities (UGS) has dropped below 75%, according to Gas Infrastructure Europe (GIE) data.
European UGS are filled by 74.5%, containing a total of 81.2 billion cubic meters of gas, as of January 28 gas day, which ended at 04:00 GMT on January 29, after losing 1.14 percentage points in a day.
On January 28, 2022, Europe's gas storage capacity was almost half that level, namely at 38.93%, according to the operator.
Gas pipeline worker checks the valves at the Yapracik installations of Turkey's state-run BOTAS gas company on the outskirts of Ankara - Sputnik International, 1920, 07.10.2021
Europe’s Energy Crisis Self-Made, Linde Engineering CEO Says
Earlier this month, European Commission President Ursula von der Leyen said that the EU managed to replace 80% of pipeline gas supplied by Russia, by reducing domestic demand and increasing supplies of liquefied natural gas from the US.
Western countries have been looking for ways to sanction Moscow's income from oil and gas exports since the start of Russia's special military operation in Ukraine on February 24, 2022.
The sanctions campaign has led to a major disruption on global energy markets, resulting in an energy crisis in Europe, with EU countries resorting to contingency plans. At the same time, European industry has been hit by efforts to forgo Russian supplies, as Moscow was the largest supplier of natural gas to the bloc, accounting for nearly 40% of its demand in 2021.
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