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The threats of the Kremlin chief, Vladimir Putin, that he will close the gas taps to Europe, have caused an unjustified fear in Europe.
Germany feels the pressure more strongly. According to the Federal Bureau of Investigation, about 55 percent of the gas currently imported comes from Russia, so dependence is particularly high compared to other European countries, with the exception of Hungary which imports about 85% of gas from Russia.
German gas reserves have fallen below 30 percent of storage capacity. For this reason it is also being discussed to increase the import of liquefied natural gas (LNG).
But which countries can be considered as additional suppliers? The first is the US, one of the largest producers of natural gas and the largest exporter of liquefied natural gas in the world, thanks also to fracking. But this method is highly controversial for environmental reasons. The process involves injecting a mixture of water, sand and chemicals into the soil, releasing oil or gas. At the same time, Germany would not benefit immediately from this gas, because there is no terminal for LNG, says DW. Norway is also one of the largest producers of gas in the world and meanwhile supplies about a third of Germany’s gas demand. But increasing the quantities of gas from Norway is not possible because they have no reserves.
Qatar is one of the largest exporters of liquefied natural gas, and along with Russia and Iran, it has the largest natural gas reserves in the world. But this country is already producing to its limits. Algeria is also one of the most important suppliers of LNG to Europe, but must once fulfill the contractual agreements and obligations previously taken.
Azerbaijan, once part of the Soviet Union, immediately plans to increase gas exports by 11 percent this year; the problem is that this Caucasus country is bound by long-term contracts that were signed years ago.
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