“So what we want to do is flatten the curve,” Ursula von der Leyen, president of the European Commission, told the media on Sept. 7.
And no, it doesn’t talk about the COVID-19 pandemic. He talks about electrical energy and its demand.
While the war between Russia and Ukraine has surpassed the 200-day mark, Europe is facing an unprecedented energy crisis and the winter season is not far away.
For example, energy expenditures in the UK, according to the country’s energy regulator Ofgem (Office of Gas and Electricity Markets), are expected to rise by 80% this winter. For now, Ofgem stepped in and limited the amount energy corporations can rate homes.
90% of Europe’s energy wishes are imported.
Last year, before the war, fuel deliveries from Russia to Europe were about 155 billion cubic meters (bcm). Europe depended on Russia, more than any other country, for about 40% of its fuel. That has now dropped to just nine percent. according to von der Leyen’s announcement.
According to pre-invasion figures, in absolute terms, Germany and Italy imported the largest amounts of fuel from Russia, with one billion m3 and 29 billion m3 respectively.
In proportional terms, countries such as Lithuania, Austria and Finland imported the maximum of their fuel desires, more than 80%, from Russia. In this regard, Germany fulfilled 55% of its fuel wishes from Russia, but after the June invasion this figure fell to 35%. Italy imported 40% of its fuel wishes from Russia before the invasion. That would have dropped to 25 percent.
Most of this fuel is intended to be transported through two pipelines:
The Yamal – Europe fuel pipeline, which supplies fuel to Poland and Germany, Belarus.
Nord Stream, predecessor of Nord Stream 2, which sends fuel to Germany Ukraine (NS2 overlooks Ukraine). The fuel source of this pipeline is temporarily cut off.
France, which imports 17% of its fuel desires from Russia, must absolutely isolate itself from Russian dependence.
Russia, on August 31, halted fuel supply through the Nord Stream 1 pipeline, leading to maintenance problems and the need for repairs. The shutdown, Russian power company Gazprom said, would last three days.
In a message on Telegram, he said: “The shipment of fuel to the Nord Stream pipeline has been completely halted until court cases about the operation of the apparatus are eliminated. “
Prior to the announcement of the extension on the same day, the finance ministers of the United Kingdom, France, Germany, Italy, Japan, Canada and the United States had agreed on a plan to buy Russian oil above agreed prices.
British Foreign Minister Nadhim Zahawi, after a meeting with the US Treasury Secretary, said that the U. S. Treasury Minister was a british ambassador. U. S. Secretary of State Janet Yellen was quoted as saying, “We will reduce Putin’s ability to finance his war from oil exports by banning services, such as insurance and provision of financing, to ships wearing Russian clothing. “oil above an agreed value cap. “
The symptoms were still there. Russia Gazprom had already reduced flows through the pipeline to 40% of initial capacity in June and 20% in July.
The Kremlin also criticized on September 6 the sanctions, imposed through Western countries after the Russian invasion of Ukraine, for completely resuming its combustible materials to European countries.
Spokesman Dmitry Peskov cited sanctions “introduced against our country through Western countries that add Germany and the United Kingdom” as the explanation for Russia’s refusal to deliver Nord Stream 1 fuel.
The risk of Russian fuel has therefore forced the European Union to fill its garages by up to 80% as a target until November 1, the date on which the European heating season begins. They arrived at this date early. In the years after 2022, the target should be above 90%.
Europe turned out to have done a decent job given that garage sites were 55. 7% complete on June 25.
According to the aggregate inventory of fuel workshops, a component of the online page called Gas Infrastructure Europe, countries such as Poland and the United Kingdom reached 99. 15% and one hundred percent respectively.
The elephant in the room is Ukraine. The country’s garage is slightly at 30% capacity, but Energy Minister German Galushchenko said two weeks ago that the government led by Volodymyr Zelenskyy had succeeded in fulfilling its goal of building 19 billion cubic meters of fuel reserves at herbal until next winter. The heating starts regularly in mid-October.
Gas inflows into Ukraine have fallen by 40% from pre-invasion levels, but production has fallen by 5% (according to figures provided by state-owned energy company Naftogaz).
Ukraine stopped buying Russian fuel in November 2015, a year after the annexation of Crimea to lessen its dependence, and began to rely more on investors in Poland and Hungary.
Over the weekend, the Russian military introduced retaliatory moves in Ukraine (after Ukraine regained territory) that targeted the force network and thermal force plant, leading to a disruption of the force in Kharkiv and the regions.
Zelenskyy said that “the civilized world [can] obviously see such terrorist acts” and that Moscow seeks to deprive Ukrainians of “gas, electricity, water and food. “
Germany has been looking for opportunities for Russian fuel since nord Stream 2 certification was halted. It could, according to Reuters, turn to Britain, Denmark, Norway and the Netherlands.
Norway has raised its production levels to EU countries to achieve its goal of ending dependence on Russian fossil fuels by 2027.
Another option is to get more fuel from Algeria and Azerbaijan, which lately are around 20% and 10% of European fuel respectively.
Then there’s liquefied herbal gas. said it could supply 15 billion m3 of LNG to the EU this year. That’s even less than Russia’s source of 155 billion cubic meters last year (less than 10%, in fact).
The challenge here is that a construction at the LNG source to Europe would lead to a relief at the LNG source until production buildup (the structure of a new LNG production facility takes more than two years).
Reducing consumption is a goal on which Europe will have to build. The EU has agreed to reduce fuel consumption by 15%. At the same time, you will also have to manage the values. Limiting Russian energy values will kill two birds with one stone: it will impede investment in Vladimir Putin’s war system and lead to government-imposed value limits on how much energy companies can rate families (as seen in the UK).
(With contributions from Reuters, The Economist and Bloomberg).
(At The Quint, we are responsible to our audience. We play an active role in shaping our journalism by tailoring a member. Because the fact is to value it).
On the other hand, Germany, which before the invasion imported around 55% of the herbal fuel and more than 30% of its crude oil raw materials from Russia, has now announced a €65 billion (£56. 2 billion) bailout of emerging energy costs in the country. It includes one-time bills to businesses and tax breaks to companies primarily similar to energy.
Price caps are also at stake. “We will propose a cap on revenues that produce cheap electricity,” von der Leyen said in her Sept. 7 announcement.
To what extent did Europe depend on Russia for power before the invasion, and what does that dependence look like today?How has the crisis of power gotten out of control?And what are EU countries doing to prepare for what turns out to be a very long winter ahead of them?
90% of Europe’s energy wishes are imported.
Last year, before the war, fuel deliveries from Russia to Europe were about 155 billion cubic meters (bcm). Europe depended on Russia, more than any other country, for about 40% of its fuel. That has now dropped to just nine percent. according to von der Leyen’s announcement.
According to pre-invasion figures, in absolute terms, Germany and Italy imported the largest amounts of fuel from Russia, with one billion m3 and 29 billion m3 respectively.
In proportional terms, countries such as Lithuania, Austria and Finland imported the maximum of their fuel desires, more than 80%, from Russia. In this regard, Germany fulfilled 55% of its fuel wishes from Russia, but after the June invasion this figure fell to 35%. Italy imported 40% of its fuel wishes from Russia before the invasion. That would have dropped to 25 percent.
Most of this fuel is intended to be transported through two pipelines:
The Yamal – Europe fuel pipeline, which supplies fuel to Poland and Germany, Belarus.
Nord Stream, predecessor of Nord Stream 2, which sends fuel to Germany Ukraine (NS2 overlooks Ukraine). The fuel source of this pipeline is temporarily cut off.
France, which imports 17% of its fuel desires from Russia, must absolutely isolate itself from Russian dependence.
Russia, on August 31, halted fuel supply through the Nord Stream 1 pipeline, leading to maintenance problems and the need for repairs. The shutdown, Russian power company Gazprom said, would last three days.
In a message on Telegram, he said: “The shipment of fuel to the Nord Stream pipeline has been completely halted until court cases about the operation of the apparatus are eliminated. “
Prior to the announcement of the extension on the same day, the finance ministers of the United Kingdom, France, Germany, Italy, Japan, Canada and the United States had agreed on a plan to buy Russian oil above agreed prices.
British Foreign Minister Nadhim Zahawi, after a meeting with the US Treasury Secretary, said that the U. S. Treasury Minister was a british ambassador. U. S. Secretary of State Janet Yellen was quoted as saying, “We will reduce Putin’s ability to finance his war on oil exports by banning services, such as insurance and providing financing, to ships wearing Russian clothing. “oil above an agreed value cap. “
The symptoms were still there. Russia Gazprom had already reduced flows through the pipeline to 40% of initial capacity in June and 20% in July.
The Kremlin also criticized on September 6 the sanctions, imposed through Western countries after the Russian invasion of Ukraine, for completely resuming its combustible materials to European countries.
Spokesman Dmitry Peskov cited sanctions “introduced against our country through Western countries that add Germany and the United Kingdom” as the explanation for Russia’s refusal to deliver Nord Stream 1 fuel.
The risk of Russian fuel has therefore forced the European Union to fill its garages by up to 80% as a target until November 1, the date on which the European heating season begins. They arrived at this date early. In the years after 2022, the target should be above 90%.
Europe turned out to have done a decent job given that garage sites were 55. 7% complete on June 25.
According to the aggregate inventory of fuel workshops, a component of the online site called Gas Infrastructure Europe, countries like Poland and the UK reached 99. 15% and 100% respectively.
The country’s garage is slightly reaching 30% of its capacity, however, Energy Minister German Galushchenko said two weeks ago that the government headed by Volodymyr Zelenskyy managed to meet its goal of building 19 billion cubic meters of herbal fuel reserves by next winter. Heating begins regularly in mid-October.
Gas inflows into Ukraine have fallen by 40% from pre-invasion levels, but production has fallen by 5% (according to figures provided by state-owned energy company Naftogaz).
Ukraine stopped buying Russian fuel in November 2015, a year after the annexation of Crimea to lessen its dependence, and began to rely more on investors in Poland and Hungary.
Over the weekend, the Russian military introduced retaliatory moves in Ukraine (after Ukraine regained territory) that targeted the force network and thermal force plant, leading to a disruption of the force in Kharkiv and the regions.
Zelenskyy said that “the civilized world [can] obviously see such terrorist acts” and that Moscow seeks to deprive Ukrainians of “gas, electricity, water and food. “
Germany has been looking for opportunities for Russian fuel since nord Stream 2 certification was halted. It could, according to Reuters, turn to Britain, Denmark, Norway and the Netherlands.
Norway has raised its production levels to EU countries to achieve its goal of ending dependence on Russian fossil fuels by 2027.
Another option is to get more fuel from Algeria and Azerbaijan, which lately are around 20% and 10% of European fuel respectively.
Then there’s liquefied herbal gas. said it could supply 15 billion m3 of LNG to the EU this year. That’s even less than Russia’s source of 155 billion cubic meters last year (less than 10%, in fact).
The challenge here is that a construction at the LNG source to Europe would lead to a relief at the LNG source until production buildup (the structure of a new LNG production facility takes more than two years).
Reducing consumption is a goal on which Europe will have to build. The EU has agreed to reduce fuel consumption by 15%. At the same time, you will also have to manage the values. Limiting Russian energy values will kill two birds with one stone: it will impede investment in Vladimir Putin’s war system and lead to government-imposed value limits on how much energy companies can rate families (as seen in the UK).
(With contributions from Reuters, The Economist and Bloomberg. )
(At The Quint, we are responsible to our audience. We play an active role in shaping our journalism by tailoring a member. Because the fact is to value it).
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