The long term will shortly arrive when Russia will offer nothing at all to Europe, gurus say.
The European Union has attained its purpose of filling gasoline storage services two months in advance of program, stated European Fee President Ursula von der Leyen. This declare resulted in a drop in gas prices, which have been quickly climbing owing to the Kremlin’s gasoline blackmail. Of course, Russia did not like the predicament and yet again stopped transporting fuel by Nord Stream and charges began to rise yet again. The Kremlin has unleashed a fuel war in opposition to the EU above a 12 months in the past. Soon after a entire-scale invasion of Ukraine, Russian ruler Vladimir Putin tightened the gasoline valve even more to blackmail Europe, but they determined to find a replacement for Russian gas. Korrespondent.web tell the details.
“Putin’s blackmail fails”
Fuel materials to Europe through the Russian Nord Stream 1 pipeline have been wholly reduce off, announced Gazprom, the condition-owned gas corporation. On August 31, “the scheduled do the job on the fuel compressor unit began,” the Russian company stated in a statement.
According to the Russian newspaper Kommersant, citing information from the pipeline operator Nord Stream AG, the quantity of gas pumped by means of the Nord Stream dropped to zero in the early early morning of August 31.
Last night, the head of the European Fee, Ursula von der Leyen, reported that EU member states have fulfilled their program in progress to fill gas storage services to an 80% level. You introduced this at the Baltic Sea Electricity Stability Summit in Copenhagen.
EU nations around the world achieved their target of filling gasoline storage services two months in advance of program due to cuts in Russian gas supplies to the EU.
“To day, in the European Union we have attained an regular filling stage of gasoline storage facilities of 80 p.c. So we have now achieved the agreed volume for the latest 12 months,” stated von der Leyen.
The North Sea Summit was by now a achievements.
These days the Baltic Sea Summit exhibits when all over again that a wind of modify is blowing in Europe.
The drive of the wind helps us get rid of Russian fossil fuels and become climate neutral.
https://t.co/5MrLnoVAyy– Ursula von der Leyen (@vonderleyen) August 30, 2022
The concentrate on has already been accomplished in 9 of the 19 EU nations with fuel storage facilities. In Germany, underground deposits are 81.07% comprehensive, in Italy – 80.11%, in France – 90.06%, in Poland and Portugal – virtually 100%. The Netherlands (73.34%) and Austria (60.58%), which are also among the the major five countries with the greatest gas deposits, are lagging guiding.
In addition, 7 Baltic Sea states – Finland, Sweden, Estonia, Latvia, Lithuania, Poland and Denmark – announced on Tuesday a dedication to improve wind electricity era 7 moments to 20 gigawatts by 2030, so that the Northern Europe can free of charge itself from dependence on Russian character. gasoline. .
It is documented that 20 gigawatts will be more than enough to provide electrical power to 20 million households. “This is much more than the wind energy ability in the full of the EU now,” stated Danish Prime Minister Mette Frederiksen.
Von der Leyen added that “Putin’s try to blackmail [ЕС] “We are accelerating the changeover to green strength, releasing ourselves from dependence on Russian fossil fuels, expanding the production of renewable, cleaner, less expensive European strength,” explained the president of the European Commission all through the conference.
Picture session with the SP turbine. Scholz has revealed Putin’s bluff
It is also needed to improve electrical power ties within Europe, Spanish Prime Minister Pedro Sanchez mentioned in a assembly with German Chancellor Olaf Scholz.
The German Chancellor claimed he strongly supports the concept of building a gasoline pipeline connecting the Iberian Peninsula with Central Europe as Berlin seeks to lower its dependence on Russia.
We remember that Brussels offers EU international locations to voluntarily reduce their consumption by 15% and seeks to acquire the correct to introduce mandatory reductions in the function of a severe fuel scarcity. Some nations around the world are presently developing an “energy moderation” strategy.
How Russia is dropping the European marketplace: shortly it will no for a longer period provide something
The Kremlin has as soon as yet again proved to Europe that at any second and underneath any pretext it can stop the movement of fuel, so demonstrating that Europeans have taken the right path to completely abandon Russian gasoline.
Ahead of the war, Russian imports protected about 40% of European fuel usage. Now this share has dropped to 25 percent, as present-day supplies do not exceed a third of the average volumes of the previous five a long time.
“The long term will soon come when Russia provides nothing at all to Europe. Compact volumes will keep on being – 10-15 billion for each yr – in southern Europe via the Turkish Stream. But in general, Europe will dwell with out Russian gasoline and Russia. , Gazprom, respectively, – without export proceeds from deliveries “, – foresees The president of the Russian Institute of Power and Finance Marcel Salikhov.
“In accordance to all appearances, in two or a few years at the most, Russia will completely get rid of the means to provide gasoline to Europe,” stated Mikhail Krutikhin, analyst of the Russian oil and gas sector.
Nevertheless, the rejection of Russian electrical power carriers will charge Europe very dearly. According to Bloomberg analysts, the authorities of European nations are by now preparing to allocate close to 280 billion euros in payment to the inhabitants and firms to aid them for the duration of the unprecedented energy crisis that hit the continent immediately after the anti-h2o quarantines and in opposition to the backdrop of Russia’s war versus Ukraine.
Experts reveal that European countries will be in a position to swap Russian fuel by way of the source of liquefied gasoline, notably from the United States. The EU has one more probable important gasoline supplier in reserve: Qatar. There is a dilemma: Qatar, whose fuel reserves are practically inexhaustible, would like a lengthy-phrase contract, which is contrary to the European plan of competitive materials.
As for Russia, the vital choice is China. Having said that, experts question that it will be in a position to compensate for the drop in materials from EU nations.
“China doesn’t require that a great deal gas [сколько Европе]. All Chinese political paperwork do not foresee an raise in materials from Russia, other than the Electric power of Siberia, “states Krutikhin.
At the similar time, Beijing will be equipped to dictate its terms and offer the no extended favorable price tag for Russia.
Turkey stays a different critical industry for Russia. The infrastructure that Russia at present has does not permit for fuel supplies to be redirected to other international locations and it is really difficult to construct a new infrastructure under sanctions.
Until China and Turkey start off obtaining extra Russian fuel, Gazprom is pressured to melt away $ 10 million of it every single working day, according to impartial Norwegian investigation firm Rystad Energy, because it can not offer it.
Earlier, Korrespondent.net wrote that Russia would have to get the wells out of services thanks to declining fuel exports and that the Russians do not have the systems for re-mothballing, as nicely as for drilling new wells. Browse far more about this in the materials. gas war.
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