Aside from further sanctions the EU is looking at banning gas re-exports and limit industrial use as part of emergency measures to protect supplies this winter.

While Kiev is warning that Russia will turn the taps off, and Russia says Ukraine will syphon off supplies, Europe is making moves to limit any impact, says Reuters.

LNG that is tankered in from Qatar and Algeria is usually re-sold abroad by European buyers and it’s this that the EU may ban.

Gas is still the very big elephant in the room in these ongoing tensions and if it gets put on the table as a bargaining chip by Russia then Europe could really be in a very awkward position.