This is bbc news with the latest headlines. mourners pay their respects to the last soviet leader, mikhail gorbachev, who is now being buried in moscow. moscow blames maintenance problems for failing to resume the main pipeline that transports gas from russia to europe after a three day closure. it is going to be harder to fill up gas storage, it is going to raise the risks of energy shortages this winter, and it really sharpens the dilemma for european politicians as they plan for what could be a very difficult situation over the next few months. more than half of manufacturers in the uk say they may have to cut production or close down completely because of rocketing energy bills. a £2 cap on bus fares across england for three months from january is announced by ministers in the hope it will help people cope
Out of those prices. the other thing going on is there has been a lot of discussions in europe in the european commission about measures they can take to cap power prices and, again, traders are responding to that. but now that russia has decided the pipeline won t be opened, it is possible that we could see another uptick in prices when the gas and power markets open on monday morning. there has been good news. germany and europe have set targets to fill the storage caverns they have with gas and they were outperforming those targets recently, but i think it s worth saying, and especially now when even at reduced levels we will not have had nord stream gas, that full storage will not last all winter at the normal rate of gas consumption. it s the flow that matters as well as the stockpiles and it will help in the first few months of winter but the danger is, as we get to the second half of the winter, and those stockpiles are being run down, especially if it is cold, with no gas or li
The impact could be on the europe, economically? economically? well, it is a serious development economically? well, it is a serious development in economically? well, it is a serious development in the economically? well, it is a serious development in the sense - economically? well, it is a serious development in the sense that - economically? well, it is a serious - development in the sense that europe is still quite dependent on gases russian gas. it is not a surprise, the flow of gas through nord stream one has been curtailed over the last couple of months and even last time there was a maintenance period, you know you also have discussion about a turbine that wasn t delivered on time so that also led to a longer maintenance period and this is what we are seeing again, an oil leak. clearly, russia is using this as a political tool, they know that europe is on the hook here went russian gas flows are diminished, so in a way, it is serious because it exacerbates the energy
Because it depends on the winter and the severity of the winter which nobody can predict, of course. than? nobody can predict, of course. any rosect nobody can predict, of course. any prospect of nobody can predict, of course. any prospect of rationing will obviously be a cause for alarm, ring alarm bells, what is the effect is likely to be, if we look specifically at the uk? the uk, even before the war, only minimal energy supplies in the uk were sourced from russia. however, that doesn t mean we are shielded from the effects either, does it? :, , , shielded from the effects either, doesit? :, , , , , does it? no, the uk s big problem is that normally does it? no, the uk s big problem is that normally in does it? no, the uk s big problem is that normally in winter does it? no, the uk s big problem is that normally in winter the does it? no, the uk s big problem is that normally in winter the uk - that normally in winter the uk import gas from the continent due to low dom
The headlines on bbc news. mourners pay their respects to the last soviet leader, mikhail gorbachev, who is now being buried in moscow. moscow blames maintenance problems for failing to resume the main pipeline that transports gas from russia to europe after a three day closure. more than half of manufacturers in the uk say they may have to cut production or close down completely because of rocketing energy bills. it does seem as if the tennis icon, serena williams, has played herfinal match. the 23 time grand slam singles champion was beaten by ayla tomljanovic in the third round of the us open.