European Commission chief Ursula von der Leyen said the EU had to be ready for a total Russian gas cut-off. Reuters
European Commission chief Ursula von der Leyen said the EU had to be ready for a total Russian gas cut-off. Reuters
European Commission chief Ursula von der Leyen said the EU had to be ready for a total Russian gas cut-off. Reuters
European Commission chief Ursula von der Leyen said the EU had to be ready for a total Russian gas cut-off. Reuters

EU orders 15% gas savings to prepare for Russian energy shortfall in winter


Tim Stickings
  • English
  • Arabic

The European Union on Wednesday told its members to cut their gas consumption by 15 per cent this winter to prevent a social and economic disaster if Russia turns off the tap.

Countries will be told to switch to alternative energy sources, including coal and oil if necessary, and encourage savings by households, industry, power suppliers and public buildings to get Europe through a tough winter.

The volume of gas coming from Russia is already alarmingly low after the war in Ukraine poisoned the EU's relations with its main fossil fuel provider, and there are fears that Moscow could soon call a complete halt.

“Russia is using gas as a weapon,” said European Commission President Ursula von der Leyen, who said a total stoppage of imports from state-owned supplier Gazprom was a “likely scenario”.

“Whether it's a partial major cut-off of Russian gas or total cut-off, Europe needs to be ready,” she said. “We learnt from the pandemic that if we act in unity, we can address any crisis.”

German Vice-Chancellor Robert Habeck, who holds the energy portfolio in Berlin, welcomed the EU's call for energy savings and said: "We have to work on it with all our strength."

The 15 per cent target will apply from August to March and EU countries will be required to draw up emergency plans by September showing how they plan to meet it.

In 16 pages of guidance to member states, EU officials say industries could be incentivised to switch to cleaner fuels, heating and air conditioning turned down in public buildings, and smart systems installed to lower demand.

Prolonging the life of coal plants that were due to be dismantled for environmental reasons can be done as a last resort if they are “short-term temporary measures and reversible”, the guidance said.

The measures will be voluntary at first but could be made mandatory if the commission declares a “Union Alert” under new legal proposals, which will need signing off by the EU's 27 states.

In that event, households and hospitals would be shielded from enforced energy cuts, but private consumers were told that “everyone can contribute to saving gas”.

“Managed energy savings in all sectors of the economy today will be much less costly than rushed curtailment of industrial production tomorrow,” the commission said.

The EU has told members to fill their gas storage tanks to 80 per cent by winter. AP
The EU has told members to fill their gas storage tanks to 80 per cent by winter. AP

Russian gas imports are already much lower than usual after supplies were stopped to countries including Finland, Poland and Bulgaria and the main pipeline to Germany, Nord Stream 1, was closed for maintenance.

The Nord Stream repairs are meant to finish on Thursday but Germany was still waiting anxiously to see whether gas flows would resume. The country has turned to an array of energy-saving measures to prepare for a possible cut-off.

For the EU as a whole, imports from Russia in June were only 30 per cent of what would typically be expected, said the commission, which has told countries to fill their storage tanks to 80 per cent by November.

Gas savings constitute one of four strands of the EU's response to the energy problems caused by the war. It is also seeking alternative gas suppliers, investing in renewable energy and looking to link up its power grids more effectively.

Imports from outside Russia were up by 35 billion cubic metres in the first half of this year, compared with the same period in 2021, thanks to a mixture of liquid gas deals and pipeline imports from the UK, Norway, Azerbaijan and North Africa.

Indoor Cricket World Cup

Venue Insportz, Dubai, September 16-23

UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

LA LIGA FIXTURES

Friday (UAE kick-off times)

Levante v Real Mallorca (12am)

Leganes v Barcelona (4pm)

Real Betis v Valencia (7pm)

Granada v Atletico Madrid (9.30pm)

Sunday

Real Madrid v Real Sociedad (12am)

Espanyol v Getafe (3pm)

Osasuna v Athletic Bilbao (5pm)

Eibar v Alaves (7pm)

Villarreal v Celta Vigo (9.30pm)

Monday

Real Valladolid v Sevilla (12am)

 

UAE currency: the story behind the money in your pockets
Infiniti QX80 specs

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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Liverpool's all-time goalscorers

Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228

Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

Fitness problems in men's tennis

Andy Murray - hip

Novak Djokovic - elbow

Roger Federer - back

Stan Wawrinka - knee

Kei Nishikori - wrist

Marin Cilic - adductor

Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

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Asia Cup Qualifier

Venue: Kuala Lumpur

Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September

Fixtures:

Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore

Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman

Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal

Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore

Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong

Thu Sep 6: Final

 

Asia Cup

Venue: Dubai and Abu Dhabi

Schedule: Sep 15-28

Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier

UAE Team Emirates

Valerio Conti (ITA)
Alessandro Covi (ITA)
Joe Dombrowski (USA)
Davide Formolo (ITA)
Fernando Gaviria (COL)
Sebastian Molano (COL)
Maximiliano Richeze (ARG)
Diego Ulissi (ITAS)

What is cyberbullying?

Cyberbullying or online bullying could take many forms such as sending unkind or rude messages to someone, socially isolating people from groups, sharing embarrassing pictures of them, or spreading rumors about them.

Cyberbullying can take place on various platforms such as messages, on social media, on group chats, or games.

Parents should watch out for behavioural changes in their children.

When children are being bullied they they may be feel embarrassed and isolated, so parents should watch out for signs of signs of depression and anxiety

Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
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What is type-1 diabetes

Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.

It occurs mostly in people under 40 and a result of the pancreas failing to produce enough insulin to regulate blood sugars.

Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.

Being overweight or obese increases the chances of developing the more common type 2 diabetes.

The 12 breakaway clubs

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

The Farewell

Director: Lulu Wang

Stars: Awkwafina, Zhao Shuzhen, Diana Lin, Tzi Ma

Four stars

'Top Gun: Maverick'

Rating: 4/5

 

Directed by: Joseph Kosinski

 

Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris

 
The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Updated: July 20, 2022, 3:09 PM