archyworldys

‘Gas emergency plan Germany is a drawing on the wall for all of Europe’

According to experts, it is wise for Germany to take emergency measures now that Russia is supplying significantly less gas. As of last week, the Nord Stream 1 pipeline supplies only 40 percent of its normal volume. The rest of Europe will also notice the effects of this. “I think this is a tipping point,” says energy specialist Aad Correljé of TU Delft.

About 40 percent of all gas that Europe imports arrives in Germany via Nord Stream 1 from Russia, from where it is transported further. Despite geopolitical tensions, the supply through this pipeline has remained fairly stable until now, explains Correljé. “It is a sign for Europe that there is now substantially less delivery.”

‘Emergency situation also for the Netherlands’

Energy expert Lucia van Geuns, affiliated with the The Hague Center for Strategic Studies, agrees: “Germany now says very clearly that there is an emergency. And I think this should also apply to the Netherlands. After all, we form one large gas system in Europe. “

Italy, Austria, Slovakia, the Czech Republic and Germany, among others, have noticed right away that the gas supply is stalling. Russia says deliveries are lagging for technical reasons. But, according to German Chancellor Scholz, it’s all about the sanctions the EU has imposed on Moscow over its invasion of Ukraine.

Van Geuns: “Putin puts forward fallacies to supply less, which drives up the gas price. He also knows that filling gas supplies will then become problematic in Europe.”

Germany therefore wants to err on the side of caution. According to German media, the intention of the Ministry of Economic Affairs is to prevent shortages in the winter, the industrial sector must consume less gas. The government would also make 15 billion euros available to replenish gas supplies.

Read also  Digitization in the banking sector: can finteches and banks live together?

Trending