EU Facing Self-Inflicted Energy Crisis – Russian Special Envoy
10 Articles
10 Articles
European gas reserves are only 57% full, far below usual levels for this time of year. The war in Iran and the blockade of the Strait of Hormuz are complicating replenishment and raising fears of another price surge as winter approaches. Here's why.
EU Facing Self-Inflicted Energy Crisis – Russian Special Envoy
from Sputnik News: The European Union is facing an energy crisis triggered by abandoning Russian gas supplies, the Russian special presidential envoy for investment and economic cooperation with foreign countries, Kirill Dmitriev, said on Saturday. “Winter is coming as due to decoupling from Russian gas: Germany has filled only 47.6% of gas storage against a […]
The European Union is just as slow in filling its gas storage facilities as it has been for years – and wants to stop the supply of Russian liquefied gas in the middle of the upcoming winter.
Germany's gas storage facilities are only half filled. Iran's war drives prices in addition. Experts warn of price peaks in winter.
The EU continues to purchase significant quantities of Russian gas, primarily LNG, despite the official plan to phase out this resource by 2027. Moreover, imports are even increasing at certain points in 2026. In June, Russian LNG imports to the EU were 14% higher year-on-year. Are you surprised by this? – I'm not surprised. The European Union's entire energy policy largely serves Germany's interests, and Germany primarily focuses on its own ene…
Europe is gradually approaching winter with abnormally low underground reserves of natural gas.This Friday the average storage of the 27 partners was 58.1%, its lowest level for almost 20 years, with countries in a really complicated situation such as Germany or the Netherlands, two major energy consumers, whose deposits are below half. Spain is one of the countries that dissociates itself from this problem, with its reserves above 70% capacity.…
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