Europe Must Prepare For Energy Rationing And Blackouts

Despite faster-than-usual filling rates for gas storage across Europe, the continent is currently bracing for the possibility of blackouts as Gazprom officially halts the flow of gas via the Nord Stream 1 pipeline. Citing technical challenges in the form of too few compressor turbines, the Russian state energy giant said it would stop gas flows via Nord Stream 1 for three days, beginning August 31. In Europe, there are growing fears that Gazprom won’t restart the flow in three days as promised. The same fear gripped European capitals last…