Brussels: On July 26, European Union countries approved a weakened emergency plan to curb their gas demand. The decision came after striking compromise deals to limit the cuts for some countries, as Russia reduced supplies. Europe faces an increased gas squeeze from Wednesday when Russian’s Gazprom (GAZP.MM) has said it would cut flows through the Nord Stream 1 pipeline to Germany to a fifth of capacity.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

PIA gets operating licence for two more stations in China

Beijing: It emerged that the Pakistan International Airlines (PIA) had been granted…

Hajj Applications Open in Pakistan with New Payment Structure

Fifteen designated banks across Pakistan have begun accepting Hajj applications. Applicants must…

Government All Out to Promote Industrial Sector: Fawad

SIALKOT, Oct 11 (APP): Federal Minister for Science and Technology Fawad Hussain…

SBP foreign reserves decline

Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell…