Germany is facing a certain recession so already Russia’s faltering gas industry comes to a complete halt body It warned Tuesday, as Italy said it would consider the offer financial support for help Gas storage refill companies for avoid deeper crisis in winter.
EU countries from the Baltic Sea in The north To the Adriatic in The south has identified measures to deal with the situation with Supply crisis after Russia crisis invasion of Ukraine puts energy at the core of economic battle Between Moscow and the West.
The European Union adopted on Russia for as much as 40% of Its gas needs before the war – rising to 55% for Germany – leaving a huge gap to be closed in a already taut global Gas market. some countries Temporarily reverse it plans to me shut coal power the plants in Response.
its gas prices hit record levels, resulting in a sudden increase in Inflation and add to challenges for Policymakers are trying to break into Europe back from the economic abyss.
German Industry Association BDI reduced its economic activity growth Climate forecast for 2022 on Tuesday to 1.5% review down From 3.5% expected before the start of the war on February 24. she said standing up in Russian gas shipments will lead to recession in The largest in Europe economy inevitable.
Russian gas is still being pumped via Ukraine but in reduced rate And Nord Stream 1 pipeline under the Baltic Sea, a vital supply route for Germany, operates on just 40% of the capacity that Moscow says Because Western sanctions impede reforms. Europe says This is an excuse for reduce Float.
The slowdown has hampered Europe’s efforts to refill storage facilities, now about 55% fullto achieve an EU-wide target of 80% by October and 90% by November, a level that will be help See the block during the winter if supplies are disrupted more.
Italy’s Environmental Transition Minister Roberto Cingolani said Italy needs to speed up remobilization efforts and Rome should I recommend how to me help Purchasing finance companies of Gas for storage.
Italian government A country source said guarantee Maybe option to lower cost of financing.
“Gas currently Is also expensive who – which operators can not be placed money Cingulani said.
Standard gas price for Europe was trading About €126 ($133) per megawatt-hour (MWh) on Tuesday, below this is year’to speak of 335 euros but still up more From 300% of his level A year Ago.
‘we’ve got problem”
Italy, as well as other countries such as Austria, Denmark, Germany and the Netherlands, have activated first early warning The theater of Its three-stage plan for dealing with Gas supply crisis.
as part of Germany emergency plansThe Bundesnetzagentur gas regulator revealed the details of a new auction system to me start in The coming weeks, with the aim of encouraging manufacturers to consume less gas.
The head of Bundesnetzagentur wondered if current Gas deliveries will pass the country through the winter, although he said earlier that it was soon to advertise all-out Emergency, or third stage of crisis plan.
“As today, we have a problem,” said Bundesnetzagentur chief Klaus Muller on side lines of industry event in German city of Essen.
chief executive officer of The largest in Germany power Europe does not have much time in the future, said Markus Kreiber, utility company RWE up with plan.
“How do we redistribute the gas if we cut off completely off? there currently There is no plan… at the European level… as each country studies its own emergency plan.” event.
European high price she has attracted more shipments of liquefied natural gas (LNG), but Europe lacks the infrastructure to meet all of its LNG needs, market that was stretched Even before the Ukraine war.
Disruptions for a major American producer of LNG that made shipments to Europe add to me challenge.
Europe is seeking more Pipeline supplies from its producers, such as Norway, and other countries, including Azerbaijan, but most producers are already push the limits of Produce.
As the crisis spreads across Europe, even a small consumer like Sweden has joined European allies in traces of first The theater of plan for the energy crisis.
The state energy agency said on On Tuesday, supplies were still strong but were referring to “industry players Gas consumers are linked to West Sweden gas networkThis gas market tense and a deterioration in the gas supply situation may arise.”
Sweden, where represents gas for 3% of Energy consumption in 2020, according to on Piped gas supply from Denmark, where the proportion of storage facilities is 75% full. Denmark has activated first The theater of contingency plan on Monday.
Germany is facing a certain recession so already Russia’s faltering gas industry comes to a complete halt body It warned Tuesday, as Italy said it would consider the offer financial support for help Gas storage refill companies for avoid deeper crisis in winter.
EU countries from the Baltic Sea in The north To the Adriatic in The south has identified measures to deal with the situation with Supply crisis after Russia crisis invasion of Ukraine puts energy at the core of economic battle Between Moscow and the West.
The European Union adopted on Russia for as much as 40% of Its gas needs before the war – rising to 55% for Germany – leaving a huge gap to be closed in a already taut global Gas market. some countries Temporarily reverse it plans to me shut coal power the plants in Response.
its gas prices hit record levels, resulting in a sudden increase in Inflation and add to challenges for Policymakers are trying to break into Europe back from the economic abyss.
German Industry Association BDI reduced its economic activity growth Climate forecast for 2022 on Tuesday to 1.5% review down From 3.5% expected before the start of the war on February 24. she said standing up in Russian gas shipments will lead to recession in The largest in Europe economy inevitable.
Russian gas is still being pumped via Ukraine but in reduced rate And Nord Stream 1 pipeline under the Baltic Sea, a vital supply route for Germany, operates on just 40% of the capacity that Moscow says Because Western sanctions impede reforms. Europe says This is an excuse for reduce Float.
The slowdown has hampered Europe’s efforts to refill storage facilities, now about 55% fullto achieve an EU-wide target of 80% by October and 90% by November, a level that will be help See the block during the winter if supplies are disrupted more.
Italy’s Environmental Transition Minister Roberto Cingolani said Italy needs to speed up remobilization efforts and Rome should I recommend how to me help Purchasing finance companies of Gas for storage.
Italian government A country source said guarantee Maybe option to lower cost of financing.
“Gas currently Is also expensive who – which operators can not be placed money Cingulani said.
Standard gas price for Europe was trading About €126 ($133) per megawatt-hour (MWh) on Tuesday, below this is year’to speak of 335 euros but still up more From 300% of his level A year Ago.
‘we’ve got problem”
Italy, as well as other countries such as Austria, Denmark, Germany and the Netherlands, have activated first early warning The theater of Its three-stage plan for dealing with Gas supply crisis.
as part of Germany emergency plansThe Bundesnetzagentur gas regulator revealed the details of a new auction system to me start in The coming weeks, with the aim of encouraging manufacturers to consume less gas.
The head of Bundesnetzagentur wondered if current Gas deliveries will pass the country through the winter, although he said earlier that it was soon to advertise all-out Emergency, or third stage of crisis plan.
“As today, we have a problem,” said Bundesnetzagentur chief Klaus Muller on side lines of industry event in German city of Essen.
chief executive officer of The largest in Germany power Europe does not have much time in the future, said Markus Kreiber, utility company RWE up with plan.
“How do we redistribute the gas if we cut off completely off? there currently There is no plan… at the European level… as each country studies its own emergency plan.” event.
European high price she has attracted more shipments of liquefied natural gas (LNG), but Europe lacks the infrastructure to meet all of its LNG needs, market that was stretched Even before the Ukraine war.
Disruptions for a major American producer of LNG that made shipments to Europe add to me challenge.
Europe is seeking more Pipeline supplies from its producers, such as Norway, and other countries, including Azerbaijan, but most producers are already push the limits of Produce.
As the crisis spreads across Europe, even a small consumer like Sweden has joined European allies in traces of first The theater of plan for the energy crisis.
The state energy agency said on On Tuesday, supplies were still strong but were referring to “industry players Gas consumers are linked to West Sweden gas networkThis gas market tense and a deterioration in the gas supply situation may arise.”
Sweden, where represents gas for 3% of Energy consumption in 2020, according to on Piped gas supply from Denmark, where the proportion of storage facilities is 75% full. Denmark has activated first The theater of contingency plan on Monday.