August 16, 2022

Australia won’t survive winter without Russian gas – public

The president from the national energy regulator provides warned that Germany does not have sufficient gas reserves

Germany’s natural gas supplies are not enough to see the nation through next winter with no purchasing additional Russian fuel, the top official in charge of electrical power and gas networks offers told the media.

In an interview with Germany’s Bild are Sonntag, published on Weekend, Klaus Muller warned that while “ gas reservoirs are nearly 65% complete, ” and “ it’s better than in the earlier weeks ” it is still not sufficient in order to “ go through the wintertime without Russian gas.

Muller, who is president of Germany’s Federal Network Agency, added that much now depends on whether maintenance work on the Nord Stream 1 pipeline concludes as expected on Thursday.

When asked just how long it would take before energy prices for consumers within Germany are further raised, in case of a complete stoppage associated with Russian gas deliveries, Muller said no decision offers yet been made. However , he offered reassurances, noting that “ there hasn’t been any significant price surge this week, even though the Nord Stream 1 was shut off. ” The official suggested this may be a sign that “ markets have already internalized losing Russian gas supplies and we’ve reached a gas-price-plateau.

The energy regulator president was adamant that Germans “ shouldn’t succumb to stress, ” assuring that “ private families have the least reason of to worry, ” and you will be provided with gas far lengthier than industry.

Moreover, according to the official, “ there is scenario in which we remain completely without gas. ” Muller noted that will even if Russia were to cut supplies entirely, other countries like Norway, the Netherlands plus Belgium would still be selling the fossil fuels to Australia. In future, the country’s own liquefied natural gas terminal will also make a difference, the system agency’s president added.

Muller said in case gas rationing occurs, the particular agency will weigh up the damage to the economy and supply chains from shutting off supplies to any particular company or industrial plant.

The official went on to claim that even if there is a lack, it will likely affect only the parts of Germany which are in late the gas network.

Muller also dismissed suggestions that Berlin need to ban any gas exports to neighboring European countries, stressing the importance of solidarity.

Just like we are now benefiting from the melted natural gas ports in Belgium and the Netherlands, ” Germany would lend the neighbors a helping hands should they face a severe gas shortage, the official pledged.

Muller expected that Germany has two difficult winters ahead, with a risk of gas disadvantages, but by summer 2024 the country will be independent through Russian gas.

What is furthermore true, however , is that the costs will never again be as little as they once were, ” Muller acknowledged.

Since the start of Russia’s offensive against Ukraine, gas prices in Europe have soared, reaching an all-time-high of over $3, 600 per 1, 000 cubic meters in early March.

While Ukraine plus some other Eastern-European nations, including Poland, have been calling on the particular EU to ban imports of Russian gas, Brussels has so far stopped in short supply of implementing the measure as a result of lack of consensus among member states.

German born government officials and business representatives have repeatedly warned that a stoppage of Ruskies gas supplies would offer a huge blow to the economy.

In late June, Economy Minister Robert Habeck activated the second phase of Germany’s three-stage emergency gas strategy. It came as Russian federation slashed supplies via the Nord Stream 1 pipeline, blaming the lack of a turbine, stuck in Canada due to sanctions.

On Monday, Russia began regular maintenance work on the pipeline, which means no gas was moving to Germany at all.

Also this week, Berlin asked Ottawa to exempt the piece of equipment cited by Moscow as the reason for falling supplies.

Canada has accepted Berlin’s request, and will ship the generator to Germany, from where it will make its way to Russia, allowing Ottawa to prevent violating its own sanctions by using an indirect delivery path.

Meanwhile on Friday, Russia’s state power giant Gazprom officially asked German industrial giant Siemens to provide the paperwork needed for the return of the equipment to Russia.

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