Analysis/ The energy crisis, Europe’s worst nightmare is becoming a reality

For months, guidelinescratchesite EUROPEAN havee DOGe moree te disturbesuar from perspective of loss of supplys with gasin Russian, qe it accounts for about 40 percent of European imports, and it has been vital for the continent. This nightmare is happening now a painful reality, after Moscow buteconducts deher stories, in retaliation for support qe I give Europeor Ukraines.

This lecoftake off of there are increase stillor me moree energy prices, AND there are forced many countries to use planst eMERGENCYalso because reserve energy suppliers such as Norway and Africa of the North are not reaching to pethe answer is keits challenge. “This is the energy crisis more extreme that ever happened in Europe. The prices have reached peak, and from this situatione there is noepatheoutput te meaeearly” – thote Aleks Mornton, expert on global gas markets in “Rapidan Energy Åêàòåðèíáóðãà“.

Many energy officials and experts, worry that the crisis ownem how it will deepen, AFTER “Nord Stream 1“, gaselike the largest gas from Russia to Europe, has stopped workingen qe te henenpebecause ofe punimas te maintenances. Although preliminary procedureoinvestigate te stretche only 10 days, blackmail story and peordere POWERe as a weapone from side of Kremlint, has raised the fear that Moscow will not newreturn it ne workeleaving the European countries in the mud, qe there are still many lefte te dependent on Russian gas.

“Everything is possible. It may happen that dergsat te recommenceemaybe more than before. But mund happen that te don’t comee me nothinge“– stated MGerman inister i Eeconomy Robert Habakkuk ABOUT Deutschlandfunk. This will caused quite a bit trouble for next winter, when grows energy demand, AND when gas eise you need themem for heatingn.

Usually, cEuropean waves are supported to imports summer months to recharge deposittate their gas. And in a time of war, when the continent’s future gas supply is uncertain, having those reserves it’s moree e portante.

whether continuee Russia’s prolonged blackouts, experts warn of a tough winter: shutdown te moree iNduSTRywidow and even displacement te megave te their. British officials, qOnly a few months ago they warned of the increase in energy bills for consumers, now they are warning ae situe also with te ren.de.

“Europe could face a winter te Stirred, with rationingclosure te induStrive temegave” – ​​he sayse Poison Kroftdirector in “RBC Capital Markets“. Ne fact, tthe riots have STARTED alreadyewith grEVEt that have erupted across the continent, while families yes perballeave me cost pressures te grown upe living and THOSE inflationary.

Part of this dissatisfaction, had negative effects ALSO in the energy market. In Norway, PLACE largest supplier to the European Union with gas after Russia, the strikes emegave in the oil and gas industries last week, forced the companies to n.dethey wait production, taking ereseparated me beyond the situationen throughout Europe.

European countries riskohe te immerseen in “conflicte many strong, afterof no energy”, stated ABOUT British “The The Guardian“, France Timmermansunder/president of the European Commission. According to him Putin is using all the tools at his disposal ne availableofcion for her encouraged perWhatArjen in our societies, “for us we must prepare for a very difficult period”.

But the pain is goneeits crisis you feeln more clearly in Germany, country qe is forced toe n.depick upe a series of measures extreme energy saving, including hot water rationingte and closing the swimming pools. For tor facing the crisis, Berlin has already entered the second phase of its plan with 3 phases to emergeces se gas.

Weekein horseugold, the German government provision to save from bankruptcy its energy giants, that are me te hitit from Russia’s actionse. But it’s not just Germany. “it We it is happening all over Europe“– thote Olga I hackedexpert on European energy security at the Atlantic Council.

According to her, edh France has announced plans toor nationalized the energy company EDF, while keher te last you add themhen economic losses. “Part me “The challenge is how much can these governments provide in support of their energy consumers?”– she emphasizes.

Ndewhy this situatee, there are cene ne peakequestion view e many countries ne in relation to measures againster changes te climatees. At the end of June, Germany, Italy, Austria and the Netherlands announced that they wouldwere cominge worke old power plants with coalwhile yes face with you feel the reductioneMte supplies with energy from outsidee.

Despite the continent’s desire for it off THOROUGHLY hande from Russian gas, experts say Europe is likely to remain mired in this crisis, until it can develop the infrastructureright ABOUT ae greater energy independenceprocess qe cane stretche with years.

American Gas, shipped with cisternoris an option, but it requires n.dethe growth of TERMINALwidower News. Gbringenew sites whomtake even more time towas builtn.dersa there are not a large number of suppliersex qualified.

“Europe has a lot of ite te hardly freeit’s from DEPENDINGor its from Russian gas. This wille gete 3-5 years”– thote James Hendersonenergy expert at the Oxford Institute for Energy Studies. Until then, European leaders will continue to try to be safeohe sufficient supplies, and can only hope for ae mild weather. “The most scenario of bad, it’s that when people have to choose between te eatingt and heating in winter“- thote Kroft. / “Foreign Policy” – Bota.al

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