This factsheet explains why and when gas deliveries could be stopped, the immediate and long-term effects, and what precautions Germany and the EU have taken. In early September, Russia said one of its main gas supply pipelines to Europe – Nord Stream 1 – would stay shut indefinitely. The Russian government already announced an end to gas deliveries to a range of countries, forcing Germany and the EU to prepare for a sudden supply cut. A halt to gas trading with Russia therefore could come with severe consequences for European economies. Several member states are too reliant on gas to cope with a sudden stop of supplies given that replacing Russian pipeline gas in the short term is much more difficult than finding alternative sources for coal and oil. While the EU and other western allies agreed on an embargo on Russian coal and a far-reaching halt to oil deliveries, a ban on natural gas imports has been rejected by the bloc. Russia has reduced deliveries to Europe step by step in recent months, underlining that the fuel is arguably its most important energy asset in the geopolitical scramble following the invasion of Ukraine.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |