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Nord Stream: Key Russian pipeline resumes pumping gas to Europe

Russia has resumed pumping gas to Europe through its biggest pipeline after warnings it could curb or halt supplies altogether.

The Nord Stream 1 pipeline restarted following a 10-day maintenance break but at a reduced level.

On Wednesday, the European Commission urged countries to cut gas use by 15% over the next seven months in case Russia switched off Europe's supply.

Russia supplied Europe with 40% of its natural gas last year.

Germany was the continent's largest importer in 2020, but has reduced its dependence on Russian gas from 55% to 35%. Eventually, it wants to stop using gas from Russia altogether.

Russia's invasion of Ukraine in February sent wholesale gas prices soaring in Europe, with a knock-on impact on consumer energy bills.

The European Commission says retail electricity prices for households in EU capitals were up by 44% in May 2022, compared to May 2021. The highest rises were in the Netherlands (up 167%), Austria (up 122%) and Italy (up 118%).


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