• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Sunday, January 29, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Ukraine war: Germany fears Russia gas cut may become permanent

July 11, 2022
Reading Time: 6 mins read
ShareShareShareShare

Russian natural gas supplies to Germany via the Baltic Sea pipeline Nord Stream 1 have been halted for 10 days for annual maintenance work.

But German Economy Minister Robert Habeck warned that EU countries had to be prepared in case gas shipments did not resume.

He has accused the Kremlin of using gas “as a weapon” in response to EU sanctions over the war in Ukraine.

Mr Habeck admitted Germany had become too dependent on Russian gas.

But he said that two floating terminals for deliveries of liquefied natural gas (LNG) would be ready by the end of the year.

In mid-June Russia’s state gas firm Gazprom cut gas flows through Nord Stream 1 to just 40% of the pipeline’s capacity. It blamed a delay in the return of equipment being serviced by Germany’s Siemens Energy.

The Canadian government says it will now return a repaired Siemens turbine to Germany for the pipeline. That move angered the Ukrainian government, which accused Canada of adjusting the sanctions imposed on Moscow “to the whims of Russia”.

Canada says it is granting Siemens Canada a “time-limited and revocable permit” to send repaired turbines back to Germany, despite the sanctions.

Germany’s government is worried that gas supplies could be reduced or cut permanently.

Pipeline maintenance is normal every summer when gas demand is lower than in winter, but the worry is that Russia may not turn the taps back on.

The pipeline shutdown is also affecting Italy, where energy group Eni said it would receive about a third less gas from Russia’s Gazprom on Monday compared with average volumes supplied over the past few days.

The head of the International Energy Agency, Fatih Birol, has warned that Russia may cut off gas supplies to Europe entirely and that Europe needs to prepare now.

Russia has already cut gas supplies to Poland, Bulgaria, the Netherlands, Denmark and Finland over their refusal to comply with a new payment scheme.

Austria and the Czech Republic get some gas from Nord Stream 1, but Russian gas also flows to them via a Ukraine pipeline.

German Economy Minister Robert Habeck (L) and his Czech counterpart Jozef Sikela in Prague, 11 Jul 22

Since Russia’s invasion of Ukraine in February, Germany has reduced its dependence on Russian gas from 55% to 35% and wants to stop using gas from Russia altogether.

Last year the other main suppliers of natural gas to Germany were Norway (31%) and the Netherlands (13%). Germany is now getting more gas from them, since reducing imports from Russia.

The government has also given the go-ahead for Germany’s first LNG terminal to be built, at Wilhelmshaven.

Another undersea Baltic pipeline from Russia, Nord Stream 2, has been built, but plans to pump gas through it are now on hold because of the war.

If Russian supplies were suddenly cut overnight, this could tip Germany into a major recession, because entire industries rely on gas and most German homes use it for heating.

A leading energy market analyst, Henning Gloystein of Eurasia Group, warned that “if Nord Stream 1 doesn’t come back on at all, let’s say by early August, we think that the German government will have to raise its gas alert level to the third level, which is the maximum level”.

“That would be suspending the wholesale gas market and the government and regulator stepping in as the distributor of natural gas. So that will effectively mean rationing next winter. What happens in Germany, sadly, will spread over to the rest of Europe if it gets bad, because of the geographical location in the middle of the EU,” he told the BBC.

Germany’s gas storage facilities are currently about 64% full, German broadcaster ZDF reports.

Industry experts quoted by German media say the chemicals sector would be hardest hit by a gas shortage. It accounts for 15% of Germany’s gas consumption, and disruption could lead to shortages of goods such as fertiliser, pharmaceuticals, detergent and cosmetics.

German households and key services such as hospitals will be prioritised for gas supplies under a government emergency plan.

Europe gas pipelines
Source: BBC
ShareTweetSendSend
Previous Post

10 youth ideas receive funding grants for projects in Northern Ghana

Next Post

Uber Files: Massive leak reveals how top politicians secretly helped Uber

Related Posts

International

Tanzanian killed in Ukraine: We told him not to go

January 20, 2023
News

Ofori-Atta’s recklessness caused Ghana’s woes not Russia-Ukraine war – Haruna

November 15, 2022
International

Russia to withdraw troops from key city of Kherson

November 9, 2022
International

Russia ramps up security after Crimea bridge blast

October 9, 2022
The Medical and Dental Council (MDC)
News

MDC justifies decision not to recognize Ghanaian doctors trained in Ukraine

September 27, 2022
Top Stories

Ghanaians studying medicine in Ukraine livid over decision not to recognize their certificates

September 27, 2022
Next Post

Uber Files: Massive leak reveals how top politicians secretly helped Uber

TOP STORIES

Police inspector interdicted for leaving gun in commercial vehicle

January 29, 2023

Niger eliminates Black Galaxies from CHAN 2022

January 28, 2023

Wassa Agona robbery: Police arrest four suspects

January 28, 2023
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT