Moscow. Russia made a difficult decision in the midst of the 6-month war with Ukraine (Russian-Ukrainian War). Russia has stopped gas supply to European countries (Russia Halted Gas Supply). After that, the fear of being caught in a serious energy crisis grew in dozens of countries in Europe. European network of gas operators ENTSOG said on Wednesday that “the delivery of gas to Europe via the Nord Stream gas pipeline has been stopped”. Earlier, Russian energy giant Gazprom said: “Deliveries will be closed for three days for maintenance work.” Due to which the tension on the already existing electricity market will increase.
Russian energy giant Gazprom said: “There will be a maintenance outage on Nord Stream 1,” Reuters and BBC reported. This means that between 2 a.m. today and 2 a.m. Friday, there will be no gas flow in many European countries, including Germany. Data from operator Nord Stream 1’s website showed zero gas flow between 5 and 6 p.m. Gas has not been supplied by the pipeline for several hours. Russia already supplies only 20% of the gas to Europe via this pipeline. Russia cited faulty equipment as the reason.
Can Europe survive without Russian natural gas?
European governments fear the blackout could be prolonged in retaliation for Western sanctions imposed on Russia after the Russian invasion of Ukraine. Russian President Vladimir Putin has been accused of using gas to supply energy as a weapon of war. However, Moscow refuses to do so.
Which European countries source Russian gas?
Russia supplies most of the gas to Germany. It is followed by Italy, Belarus, Turkey, the Netherlands, Hungary, Kazakhstan, Bulgaria, Denmark, Finland and Poland. The gas supply is completely cut off. Others reduced the flow in pipelines, which Moscow called a “special military operation” in Ukraine. Russia also supplies gas from Asia to China and Japan. If gas supplies from Russia to Europe are cut off, then Italy and Germany will be the most affected, as these two countries import the most gas.
Britain imports only 5% of its gas from Russia and America imports no gas from Russia at all. Poland’s gas reserves are 76% full, but Bulgaria has only 17% gas left. Simone Taglipietra says it’s not a matter of a few days. The problem will occur next winter, so the reserve must be replenished.
In a separate dispute over payment, the energy minister in Paris said Gazprom was only using an excuse to stop the supply of natural gas to its French contractor. At the same time, Russian government spokesman Dmitry Peskov said: “There is a guarantee that nothing will interfere with the supply, except technical problems caused by sanctions.”
Europe threatened with recession if gas and oil supplies are cut off
Without Russian natural gas, the European economy could be strongly affected. Its effect will depend on the countries that use it. Meanwhile, many countries are also considering the Russian option. The United States is ready to deliver an additional 15 billion cubic meters of liquefied natural gas (LNG) to Europe by the end of this year. Despite this, an additional 50 billion cubic meters of gas will be needed each year by 2030. Europe can also increase the use of other energy sources, but it will take time and it is not so easy no more.
Tags: Europe, Gas sector, russia ukraine war, Vladimir Poutine
FIRST POST: August 31, 2022, 3:48 PM HST