August 8, 2022

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Russia threatens to close a gas pipeline to Europe |  Economie

Russia threatens to close a gas pipeline to Europe | Economie

Russia threatens not to operate the Nord Stream gas pipeline to Germany after the current major overhaul. A spokesman for the Russian Foreign Ministry said that the future of the important link depends on both the demand for gas in Europe and Western sanctions against Russia.

What exactly Russia meant by this was not clear. But the comments come after state-owned gas company Gazprom refused to guarantee on Wednesday that Nord Stream would be up and running again after maintenance. At the time, it was said that it was not yet clear whether the gas turbines that Siemens kept in Canada would be returned to Russia.

The pipeline between Russia and Germany has been in the spotlight for weeks. Russia previously reduced gas transportation to 40 percent of the normal amount. She cited the loss of the turbines as the reason, but Germany blamed Russia for the political games. Meanwhile, Nord Stream was shut down this week for scheduled maintenance.

Gasoni: There is no shortage of gas next winter

There is a fear that the gas supply will not resume after such maintenance. Jasoni tried to reassure everyone in the Netherlands today that our country would not have a gas shortage next winter, even if Russia shuts down the gas tap for a year.

According to Gassoni, the Netherlands will not have a gas shortage this winter, even if Russia turns off the gas tap for a year. Users will also not have to shutdown in this case, provided a number of conditions are met. For example, demand should not increase further and the capacity of coal-fired power plants should not be restricted.

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Business organizations VNO-NCW and MKB-Nederland say in response, this is “promising” for the Dutch business community. “At the same time, like the Netherlands, we must continue all the measures taken and save energy.”

Both VNO-NCW and MKB-Nederland believe that our country should not “allow itself to fall asleep”. Because it depends on many variables. So the government and the business community should jointly continue all the measures taken, such as putting in place a voluntary shutdown scheme, filling stocks and building additional capacity for liquefied natural gas (LNG stands for liquid natural gas, liberated). In addition, according to the organizations, it is important to “continue to focus fully on energy savings.”

Germany: Open Groningen

Financial Times Today’s reports that Germany has joined the Netherlands insist To reopen the gas field in Groningen. Germany’s Economy and Climate Minister has asked his Dutch colleague Rob Getten to do so, several sources reported to the newspaper. A Jetten spokesperson stated that the German had “measured what was possible”, and no formal request had been made.

Dutch Climate Minister Rob Getten (left) and his German colleague Robert Habeck. © AFP

Klaus Müller, head of the German network operator Bundesnetzagentur, Happening this week On the dire consequences of the natural gas shortage in Germany. “Once the pressure on the gas network drops below the minimum, the fuse in hundreds of thousands of gas boilers can suddenly explode,” said the head of the German regulator.

The German government sees the provision of energy by citizens and businesses as the quickest solution to averting the crisis. In addition, the government is working on a rescue plan costing billions of euros to prevent a chain reaction in the energy market. Economists fear that this would push Germany into a severe recession or worse, and have dire consequences for the rest of Europe.

Shell: Europe faces a harsh winter

Later in the day at a meeting in Oxford, UK, Shell CEO Ben van Beurden predicted that Europe would in any case face a harsh winter with rising energy costs. He did not dare to estimate the possibility that Russia would cut off gas supplies to Germany.

Rising energy prices is not entirely bad news for an oil and gas company like Shell. It has recently become clear that Shell is able to count on much higher margins in fuel production, which significantly increases profits.

Van Beurden also told Oxford that his company is considering allowing shareholders to benefit more from the good results. This can be done, for example, by purchasing additional shares or through dividends. According to Van Beurden, the additional income will also be useful in reducing the level of debt that has accumulated during the Corona crisis to some extent.

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